Basswood Capital Management L.L.C. Sells 836,292 Shares of Cushman & Wakefield plc (NYSE:CWK)

Basswood Capital Management L.L.C. reduced its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 50.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 818,476 shares of the company's stock after selling 836,292 shares during the quarter. Basswood Capital Management L.L.C. owned about 0.36% of Cushman & Wakefield worth $10,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CWK. Barclays PLC raised its position in Cushman & Wakefield by 322.6% during the third quarter. Barclays PLC now owns 394,327 shares of the company's stock valued at $5,374,000 after purchasing an additional 301,017 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Cushman & Wakefield by 87.1% during the 3rd quarter. Franklin Resources Inc. now owns 319,718 shares of the company's stock worth $3,993,000 after buying an additional 148,813 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cushman & Wakefield by 53.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company's stock worth $20,354,000 after buying an additional 518,500 shares during the last quarter. Oliver Luxxe Assets LLC boosted its stake in Cushman & Wakefield by 3.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 113,531 shares of the company's stock valued at $1,485,000 after buying an additional 3,635 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Cushman & Wakefield by 20.4% in the fourth quarter. Merit Financial Group LLC now owns 18,054 shares of the company's stock worth $236,000 after acquiring an additional 3,054 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Down 0.2 %

Shares of CWK stock traded down $0.02 during mid-day trading on Friday, hitting $10.22. The company's stock had a trading volume of 892,853 shares, compared to its average volume of 2,140,264. Cushman & Wakefield plc has a 52 week low of $7.64 and a 52 week high of $16.11. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The company's fifty day simple moving average is $9.69 and its 200-day simple moving average is $12.24. The company has a market cap of $2.36 billion, a PE ratio of 18.58 and a beta of 1.37.

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

Analyst Ratings Changes

CWK has been the subject of a number of research reports. UBS Group dropped their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Citigroup cut their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Morgan Stanley reduced their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, The Goldman Sachs Group reduced 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 equities research 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, the stock presently has an average rating of "Hold" and a consensus price target of $12.93.

Cushman & Wakefield Company Profile

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.