Laurion Capital Management LP bought a new position in Cushman & Wakefield PLC (NYSE:CWK) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 253,200 shares of the company’s stock, valued at approximately $4,302,000. Laurion Capital Management LP owned 0.12% of Cushman & Wakefield at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $170,000. Strs Ohio bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $220,000. Hsbc Holdings PLC bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $436,000. American International Group Inc. bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $512,000. Finally, Dean Capital Investments Management LLC bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $572,000. 26.19% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Cushman & Wakefield from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group initiated coverage on shares of Cushman & Wakefield in a research report on Monday, August 27th. They issued an “outperform” rating and a $21.00 target price for the company. UBS Group initiated coverage on shares of Cushman & Wakefield in a research note on Friday, August 31st. They set a “buy” rating on the stock. Morgan Stanley initiated coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Cushman & Wakefield in a research note on Monday, August 27th. They set an “overweight” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.00.
Shares of Cushman & Wakefield stock opened at $18.15 on Friday. Cushman & Wakefield PLC has a 1-year low of $15.14 and a 1-year high of $19.45. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.88.
Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, November 13th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.27. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post -1.01 earnings per share for the current year.
WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/12/08/laurion-capital-management-lp-takes-position-in-cushman-wakefield-plc-cwk.html.
Cushman & Wakefield Company Profile
Cushman & Wakefield plc provides commercial real estate services in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
Featured Story: What is Cost of Capital?
Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield PLC (NYSE:CWK).
Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.