D. E. Shaw & Co. Inc. decreased its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,601 shares of the company's stock after selling 360,394 shares during the period. D. E. Shaw & Co. Inc. owned about 0.18% of Cushman & Wakefield worth $5,358,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CWK. Smartleaf Asset Management LLC lifted 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 purchasing an additional 2,691 shares during the period. Blue Trust Inc. increased its stake in Cushman & Wakefield by 26.5% in the 4th 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 boosted 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 worth $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC acquired a new stake in Cushman & Wakefield in the fourth quarter valued at $135,000. Finally, Jones Financial Companies Lllp increased its position 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 in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on CWK shares. UBS Group dropped their target price 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. Morgan Stanley cut their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Citigroup decreased their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group cut 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 report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.93.
View Our Latest Report on CWK
Cushman & Wakefield Stock Up 0.0%
Shares of NYSE CWK traded up $0.00 on Thursday, hitting $9.52. The company had a trading volume of 141,923 shares, compared to its average volume of 2,060,834. The firm has a market capitalization of $2.20 billion, a P/E ratio of 17.26 and a beta of 1.37. Cushman & Wakefield plc has a 12-month low of $7.64 and a 12-month high of $16.11. The business has a 50 day moving average of $9.56 and a two-hundred day moving average of $12.06. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.
Cushman & Wakefield Company Profile
(
Free Report)
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.
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