Public Sector Pension Investment Board raised its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 486,374 shares of the company's stock after acquiring an additional 53,000 shares during the period. Public Sector Pension Investment Board owned approximately 0.21% of Cushman & Wakefield worth $6,629,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position 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 worth $48,000 after purchasing an additional 2,027 shares during the period. GAMMA Investing LLC raised its position in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after buying an additional 1,629 shares in the last quarter. CWM LLC lifted its holdings in shares of 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 period. KBC Group NV lifted its holdings in shares of Cushman & Wakefield by 31.7% during the 3rd quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after acquiring an additional 1,915 shares during the period. Finally, Profund Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth approximately $105,000. 95.56% of the stock is owned by institutional investors and hedge funds.
Shares of CWK opened at $15.30 on Friday. The firm has a 50 day simple moving average of $13.73 and a two-hundred day simple moving average of $12.50. The company has a market cap of $3.51 billion, a P/E ratio of 41.35 and a beta of 1.30. Cushman & Wakefield plc has a one year low of $8.09 and a one year high of $16.11. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. Cushman & Wakefield's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Research analysts forecast that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.
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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