AQR Capital Management LLC Sells 221,007 Shares of Cushman & Wakefield plc (NYSE:CWK)

AQR Capital Management LLC lessened its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,874 shares of the company's stock after selling 221,007 shares during the period. AQR Capital Management LLC owned 0.20% of Cushman & Wakefield worth $6,054,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CWK. Channing Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at about $61,732,000. Norges Bank bought a new position in Cushman & Wakefield during the 4th quarter worth approximately $38,720,000. Raymond James Financial Inc. bought a new stake in shares of Cushman & Wakefield in the 4th quarter valued at $25,964,000. Next Century Growth Investors LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $16,580,000. Finally, New York State Common Retirement Fund raised its stake in Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock worth $16,952,000 after buying an additional 1,105,355 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Price Performance

NYSE:CWK traded up $0.69 during trading hours on Monday, hitting $10.95. The stock had a trading volume of 818,208 shares, compared to its average volume of 2,144,391. The company has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $12.21. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 19.90 and a beta of 1.37. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data 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. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield's revenue was up 4.6% compared to the same quarter last year. Research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CWK has been the topic of several research analyst reports. Citigroup cut their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Morgan Stanley cut 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. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. dropped their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group reduced their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. 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. Based on data from MarketBeat, Cushman & Wakefield presently 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.