Cwm LLC Cuts Holdings in Cushman & Wakefield PLC (NYSE:CWK)

Cwm LLC lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,203 shares of the company’s stock after selling 2,953 shares during the quarter. Cwm LLC’s holdings in Cushman & Wakefield were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CWK. Yousif Capital Management LLC boosted its stake in Cushman & Wakefield by 3.1% in the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company’s stock worth $917,000 after buying an additional 2,686 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Cushman & Wakefield by 8.3% in the 4th quarter. Bank of Montreal Can now owns 43,561 shares of the company’s stock worth $570,000 after acquiring an additional 3,329 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Cushman & Wakefield by 27.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 16,681 shares of the company’s stock valued at $203,000 after purchasing an additional 3,567 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cushman & Wakefield by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company’s stock valued at $1,705,000 after purchasing an additional 4,963 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after purchasing an additional 6,431 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

CWK opened at $11.91 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $2.75 billion, a PE ratio of 17.26 and a beta of 1.50. The stock’s 50 day moving average price is $11.03 and its 200-day moving average price is $10.97. Cushman & Wakefield PLC has a 52-week low of $7.64 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CWK. JPMorgan Chase & Co. cut their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an “overweight” rating in a report on Thursday, June 12th. Wall Street Zen lowered Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 20th. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.50.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.