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Next Century Growth Investors buys $16.58M in Cushman & Wakefield, despite stock hitting a 52-week low.
Next Century Growth Investors LLC bought 1.27 million shares of Cushman & Wakefield plc (NYSE:CWK) worth about $16.58 million, making it the fund's 28th largest holding.
The commercial real estate services firm reported earnings of $0.48 per share, topping analysts' forecasts.
UBS Group cut its price target, leading the stock to hit a 52-week low.
Federated Hermes Inc. also increased its stake in the company.
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Next Century Growth Inversionistas compran $16.58M en Cushman & Wakefield, a pesar de que las acciones llegan a un mínimo de 52 semanas.