Cushman & Wakefield plc (NYSE:CWK) shares traded 0.20% higher at $10.06 on Wall Street last session.
CWK stock price is now 18.10% away from the 50-day moving average and -7.64% away from the 200-day moving average. The market capitalization of the company currently stands at $2.27B.
With the price target reduced from $19 to $10, UBS Downgraded its rating from Buy to Neutral for Cushman & Wakefield plc (NYSE: CWK).
In other news, PAGAC Drone Holding GP I Ltd, 10% Owner sold 3,000,000 shares of the company’s stock on Jun 08. The stock was sold for $25,875,000 at an average price of $8.62. Upon completion of the transaction, the 10% Owner now directly owns 22,717,475 shares in the company, valued at $228.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Director McLean Jodie W. sold 15,000 shares of the business’s stock. A total of $117,600 was realized by selling the stock at an average price of $7.84. This leaves the insider owning 33,176 shares of the company worth $0.33 million. Insiders disposed of 3,264,599 shares of company stock worth roughly $32.84 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CWK stock. A new stake in Cushman & Wakefield plc shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $21,545,000. CITADEL ADVISORS LLC invested $2,795,000 in shares of CWK during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Cushman & Wakefield plc valued at approximately $1,880,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in CWK for approximately $1,756,000. COMERICA BANK purchased a new stake in CWK valued at around $1,251,000 in the second quarter. In total, there are 291 active investors with 85.50% ownership of the company’s stock.
Cushman & Wakefield plc (NYSE: CWK) opened at $9.93 on Tuesday. During the past 12 months, Cushman & Wakefield plc has had a low of $7.16 and a high of $17.00. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $5.42B, which is based on a 30.95 price-to-earnings ratio, a 3.10 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for CWK is $8.52 and a two-hundred day moving average price translates $10.89 for the stock.
The latest earnings results from Cushman & Wakefield plc (NYSE: CWK) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.04, missing analysts’ expectations of $0.2 by -0.24. This compares to $0.20 EPS in the same period last year. The net profit margin was 0.70% and return on equity was 4.70% for CWK. The company reported revenue of $2.25 billion for the quarter, compared to $2.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.5 percent. For the current quarter, analysts expect CWK to generate $1.92B in revenue.
