Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors purchased 15,177 call options on the stock. This is an increase of 4,599% compared to the average volume of 323 call options.
A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after purchasing an additional 2,027 shares in the last quarter. GAMMA Investing LLC lifted its stake in Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after acquiring an additional 1,629 shares in the last quarter. CWM LLC boosted its holdings in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after acquiring an additional 2,080 shares during the last quarter. Profund Advisors LLC purchased a new position in Cushman & Wakefield during the 2nd quarter worth $105,000. Finally, nVerses Capital LLC bought a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $116,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Shares of NYSE:CWK traded up $0.96 during trading on Thursday, reaching $13.69. 1,585,190 shares of the stock were exchanged, compared to its average volume of 2,188,457. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $13.99. The stock has a fifty day moving average of $13.01 and a two-hundred day moving average of $11.68. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 339.00 and a beta of 1.30.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The business's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. Research analysts anticipate that Cushman & Wakefield will post 0.87 earnings per share for the current fiscal year.
Several brokerages have recently commented on CWK. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Raymond James raised their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.80.
Check Out Our Latest Stock Report on CWK
Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.
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