Calamos Advisors LLC Sells 172,172 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Calamos Advisors LLC cut its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 61.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,813 shares of the company's stock after selling 172,172 shares during the period. Calamos Advisors LLC's holdings in Cushman & Wakefield were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Cushman & Wakefield by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,642,784 shares of the company's stock worth $21,488,000 after acquiring an additional 63,822 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Cushman & Wakefield during the 4th quarter valued at $318,000. Smartleaf Asset Management LLC raised its position in shares of Cushman & Wakefield by 264.3% during the 4th 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. Jones Financial Companies Lllp boosted its holdings in Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after buying an additional 6,600 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 worth $52,683,000 after buying an additional 52,178 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

CWK stock traded down $0.25 during trading on Monday, hitting $11.60. 1,895,912 shares of the company's stock traded hands, compared to its average volume of 1,959,326. The business has a fifty day simple moving average of $10.38 and a 200 day simple moving average of $11.09. 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 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 16.81 and a beta of 1.43.

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, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The firm's revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group raised their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. 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 report on Wednesday, March 19th. Wall Street Zen downgraded shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and an average price target of $13.43.

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.