Cushman & Wakefield Targets Unusually High Options Trading (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK – Get Your Free Report ) was the target of unusually high options trading activity on Tuesday. Investors bought 7,796 call options on the stock. This represents an increase of approximately 4,231% from the average daily volume of 180 call options.

Insider buying and selling

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the transaction, the insider now owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of shares are currently held by corporate insiders.

Institutional investors are weighing in on Cushman and Wakefield

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Cushman & Wakefield in the fourth quarter valued at about $50,000. AXQ Capital LP bought a new position in shares of Cushman & Wakefield in the third quarter valued at about $79,000. Tower Research Capital LLC TRC increased its position in shares of Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after buying an additional 5,694 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the period. Finally, Pale Fire Capital SE bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $108,000. Institutional investors own 95.56% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts have issued reports on the stock. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price on the stock. in a research report on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.08, according to MarketBeat.

Check out our latest research report on Cushman and Wakefield

Cushman & Wakefield trading rose 0.8%

Shares of CWK stock opened at $10.20 on Wednesday. Cushman & Wakefield has a one year low of $6.24 and a one year high of $11.76. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 255.00 and a beta of 1.33. The company has a fifty day moving average price of $9.91 and a two hundred day moving average price of $9.59. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13, and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK – Get Your Free Report ) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. In the same quarter last year, the company posted EPS of $0.46. Cushman & Wakefield’s quarterly revenue was down 3.6% compared to the same quarter last year. equities analysts anticipate that Cushman & Wakefield will post 0.98 EPS for the current year.

About Cushman & Wakefield

(Get a free report)

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 across America; Europe, Middle East and Africa; and the Asia Pacific segments.

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