Algert Global LLC Reduces Holdings in Cushman & Wakefield plc (NYSE:CWK)

Algert Global LLC lowered its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 64.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 168,987 shares of the company's stock after selling 312,023 shares during the quarter. Algert Global LLC owned about 0.07% of Cushman & Wakefield worth $2,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWK. Smartleaf Asset Management LLC raised its position in shares of Cushman & Wakefield by 264.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after buying an additional 2,691 shares in the last quarter. Blue Trust Inc. raised its position in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after purchasing an additional 928 shares in the last quarter. Sterling Capital Management LLC raised its position in Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC bought a new stake in Cushman & Wakefield during the fourth quarter worth about $135,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

CWK traded down $0.01 during midday trading on Friday, reaching $10.23. The company had a trading volume of 1,910,928 shares, compared to its average volume of 2,149,551. Cushman & Wakefield plc has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The company has a market cap of $2.37 billion, a P/E ratio of 18.60 and a beta of 1.37. The business has a 50-day moving average of $9.66 and a two-hundred day moving average of $12.21.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The firm's quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWK has been the topic of several recent research reports. UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Citigroup dropped their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Morgan Stanley decreased their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group cut their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cushman & Wakefield currently has an average rating of "Hold" and an average target price of $12.93.

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.