Renaissance Group LLC Sells 16,693 Shares of Cushman & Wakefield PLC $CWK

Renaissance Group LLC trimmed its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 12.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,373 shares of the company’s stock after selling 16,693 shares during the period. Renaissance Group LLC owned approximately 0.05% of Cushman & Wakefield worth $1,321,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its holdings in shares of Cushman & Wakefield by 1.0% during the 2nd quarter. Yousif Capital Management LLC now owns 90,691 shares of the company’s stock worth $1,004,000 after acquiring an additional 934 shares during the period. Oliver Luxxe Assets LLC raised its position in Cushman & Wakefield by 1.0% during the second quarter. Oliver Luxxe Assets LLC now owns 116,909 shares of the company’s stock valued at $1,294,000 after purchasing an additional 1,118 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Cushman & Wakefield by 48.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $64,000 after purchasing an additional 1,900 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Cushman & Wakefield by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company’s stock valued at $805,000 after purchasing an additional 2,070 shares in the last quarter. Finally, Vident Advisory LLC boosted its holdings in shares of Cushman & Wakefield by 18.1% in the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company’s stock valued at $177,000 after purchasing an additional 2,656 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWK. UBS Group boosted their price target on Cushman & Wakefield from $12.00 to $17.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Zacks Research downgraded Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Citizens Jmp increased their price objective on shares of Cushman & Wakefield from $16.00 to $19.00 and gave the company a “market outperform” rating in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.38.

Cushman & Wakefield Stock Up 1.5%

Shares of NYSE CWK opened at $15.01 on Thursday. The company has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $13.43. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.07 and a quick ratio of 1.07. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $17.33. The firm has a market cap of $3.48 billion, a PE ratio of 15.64 and a beta of 1.56.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Thursday, October 30th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.51 billion. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Cushman & Wakefield has set its FY 2025 guidance at 1.180-1.230 EPS. On average, research analysts forecast that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director Angela Sun sold 6,800 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $16.02, for a total transaction of $108,936.00. Following the completion of the transaction, the director directly owned 46,498 shares of the company’s stock, valued at $744,897.96. This trade represents a 12.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

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.