Charles Schwab Investment Management Inc. Trims Stock Position in Cushman & Wakefield PLC $CWK

Charles Schwab Investment Management Inc. reduced its stake in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,858,798 shares of the company's stock after selling 168,946 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.67% of Cushman & Wakefield worth $39,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its position in Cushman & Wakefield by 820.3% during the 4th 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. RiverPark Advisors LLC acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $150,000. Jane Street Group LLC grew its position in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after acquiring an additional 837,554 shares during the period. First Trust Advisors LP acquired a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $197,000. Finally, Capital Insight Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $175,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

CWK traded up $0.8150 during trading on Friday, reaching $15.6350. The company's stock had a trading volume of 351,962 shares, compared to its average volume of 2,079,929. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $11.04. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $16.11. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 17.73 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Cushman & Wakefield had a net margin of 2.11% and a return on equity of 14.33%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company posted $0.20 EPS. The business's revenue was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CWK shares. Citizens Jmp started coverage on shares of Cushman & Wakefield in a research note on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target on the stock. UBS Group raised their price target on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.38.

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.