Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 15.2% in March

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,230,000 shares, a decline of 15.2% from the March 15th total of 10,890,000 shares. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 4.1% of the company's stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after acquiring an additional 2,691 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after purchasing an additional 928 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after purchasing an additional 6,431 shares during the period. Ieq Capital LLC acquired a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after buying an additional 6,600 shares during the period. Institutional investors own 95.56% of the company's stock.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of analyst reports. Citigroup decreased their price target 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. UBS Group lowered 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. Morgan Stanley cut their price target on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. 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 for the company in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.93.

Cushman & Wakefield Stock Performance

CWK traded down $0.15 on Friday, reaching $8.81. The company had a trading volume of 1,343,849 shares, compared to its average volume of 2,107,634. The stock has a market cap of $2.02 billion, a P/E ratio of 16.02 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The company's fifty day moving average is $10.09 and its 200 day moving average is $12.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, analysts predict that Cushman & Wakefield will post 1.2 earnings per share for the current fiscal year.

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.