WCM Investment Management LLC Sells 233,683 Shares of Cushman & Wakefield PLC $CWK

WCM Investment Management LLC cut its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 10.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,026,167 shares of the company’s stock after selling 233,683 shares during the period. WCM Investment Management LLC owned about 0.87% of Cushman & Wakefield worth $32,479,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CWK. EverSource Wealth Advisors LLC raised its stake in shares of Cushman & Wakefield by 126.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Cushman & Wakefield during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. increased its stake in Cushman & Wakefield by 85.9% in the second quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after acquiring an additional 2,012 shares during the period. CENTRAL TRUST Co acquired a new position in Cushman & Wakefield in the second quarter worth about $50,000. Finally, 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 period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock opened at $16.18 on Tuesday. The stock has a 50-day simple moving average of $16.32 and a 200 day simple moving average of $15.56. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 16.86 and a beta of 1.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.39. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $17.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JMP Securities set a $19.00 price objective on Cushman & Wakefield in a research note on Monday, November 3rd. Wall Street Zen upgraded Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Citizens Jmp increased their price objective on Cushman & Wakefield from $16.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Monday, November 3rd. Citigroup raised Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, November 20th. Finally, Zacks Research lowered shares of Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.