Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Basswood Capital Management L.L.C.

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CWK. JPMorgan Chase & Co. lifted its position in Cushman & Wakefield by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock worth $179,204,000 after acquiring an additional 806,684 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cushman & Wakefield by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock worth $163,164,000 after purchasing an additional 1,094,260 shares during the period. Dimensional Fund Advisors LP grew its position in Cushman & Wakefield by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock valued at $151,551,000 after buying an additional 736,955 shares during the last quarter. Channing Capital Management LLC acquired a new position in Cushman & Wakefield in the 4th quarter valued at $61,732,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Cushman & Wakefield by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock valued at $52,683,000 after buying an additional 52,178 shares during the period. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

Shares of CWK traded down $0.15 on Tuesday, reaching $9.86. The stock had a trading volume of 2,603,751 shares, compared to its average volume of 2,139,891. Cushman & Wakefield plc has a twelve month low of $7.64 and a twelve month high of $16.11. The firm has a market capitalization of $2.28 billion, a PE ratio of 17.93 and a beta of 1.37. The firm has a 50-day moving average of $9.79 and a 200 day moving average of $12.29. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on CWK. JPMorgan Chase & Co. lowered their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. UBS Group dropped their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup cut their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note 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 price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.