Cushman & Wakefield plc (NYSE: CWK) is 40.46% higher on its value in year-to-date trading and has touched a low of $7.28 and a high of $13.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWK stock was last observed hovering at around $13.14 in the last trading session, with the day’s gains setting it 2.03%.
Currently trading at $15.17, the stock is 15.13% and 15.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.62 million and changing 15.45% at the moment leaves the stock 33.28% off its SMA200. CWK registered 83.66% gain for a year compared to 6-month gain of 48.73%. The firm has a 50-day simple moving average (SMA 50) of $13.0928 and a 200-day simple moving average (SMA200) of $11.35735.
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The stock witnessed a 21.95% loss in the last 1 month and extending the period to 3 months gives it a 26.00%, and is 12.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.04% over the week and 3.39% over the month.
Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $3.48B and $9.31B in sales. Current P/E ratio is 39.78 and Fwd P/E is 12.95. Profit margin for the company is 0.95%. Distance from 52-week low is 108.38% and 8.43% from its 52-week high. The company has generated returns on investments over the last 12 months (1.77%).
The EPS is expected to grow by 3.65% this year.
Cushman & Wakefield plc (CWK) Top Institutional Holders
337.0 institutions hold shares in Cushman & Wakefield plc (CWK), with institutional investors hold 97.75% of the company’s shares. The shares outstanding are 227.28M, and float is at 226.37M with Short Float at 6.06%. Institutions hold 96.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 35.55 million shares valued at $369.74 million. The investor’s holdings represent 15.5999% of the CWK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.38 million shares valued at $232.76 million to account for 9.8206 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 16.08 million shares representing 7.0558% and valued at over $167.23 million, while VICTORY CAPITAL MANAGEMENT INC holds 4.5612 of the shares totaling 10.4 million with a market value of $108.11 million.
Cushman & Wakefield plc (CWK) Insider Activity
The most recent transaction is an insider sale by TPG GP A, LLC, the company’s Former 10% Owner. SEC filings show that TPG GP A, LLC sold 17,098,001 shares of the company’s common stock on May 22 ’24 at a price of $11.00 per share for a total of $188.08 million. Following the sale, the insider now owns 0.0 shares.
Cushman & Wakefield plc disclosed in a document filed with the SEC on Feb 29 ’24 that Robinson Nathanielsold a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $9.99 per share for $0.4 million. Following the transaction, the insider now directly holds 40427.0 shares of the CWK stock.
Still, SEC filings show that on Feb 29 ’24, TPG GP A, LLC (10% Owner) disposed off 7,734,954 shares at an average price of $9.74 for $75.34 million. The insider now directly holds 17,098,001 shares of Cushman & Wakefield plc (CWK).
