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Calamos Advisors LLC Decreases Stock Holdings in Cushman & Wakefield PLC (NYSE:CWK)

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Calamos Advisors LLC trimmed its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 61.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,813 shares of the company's stock after selling 172,172 shares during the quarter. Calamos Advisors LLC's holdings in Cushman & Wakefield were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in shares of Cushman & Wakefield by 4.0% in 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 purchasing an additional 63,822 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Cushman & Wakefield in the 4th quarter worth approximately $318,000. Smartleaf Asset Management LLC lifted its position in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after purchasing an additional 2,691 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after acquiring an additional 6,600 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cushman & Wakefield by 1.3% during 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 acquiring an additional 52,178 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Price Performance

Shares of CWK stock traded up $0.35 during trading hours on Thursday, hitting $11.83. 1,856,206 shares of the company's stock were exchanged, compared to its average volume of 1,961,576. The company has a market capitalization of $2.74 billion, a PE ratio of 17.15 and a beta of 1.43. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.11. The business's 50 day simple moving average is $10.51 and its 200-day simple moving average is $11.09. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.64.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted 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 net margin of 1.70% and a return on equity of 13.50%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. UBS Group increased their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Morgan Stanley set a $14.50 target price on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. dropped 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 report on Thursday, April 10th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.43.

Get Our Latest Analysis on CWK

Cushman & Wakefield 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.

Further Reading

Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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