Charles Schwab Investment Management Inc. lessened its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,858,798 shares of the company's stock after selling 168,946 shares during the period. Charles Schwab Investment Management Inc. owned about 1.67% of Cushman & Wakefield worth $39,437,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after purchasing an additional 6,431 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in Cushman & Wakefield in the 4th quarter valued at approximately $150,000. Capital Insight Partners LLC acquired a new stake in Cushman & Wakefield in the 1st quarter valued at approximately $175,000. Jane Street Group LLC increased its holdings in Cushman & Wakefield by 101.8% in the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after purchasing an additional 837,554 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Cushman & Wakefield in the 4th quarter valued at approximately $197,000. Institutional investors and hedge funds own 95.56% of the company's stock.
Cushman & Wakefield Price Performance
Shares of CWK opened at $14.80 on Monday. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11. The stock has a market cap of $3.43 billion, a PE ratio of 16.82 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a fifty day moving average price of $11.80 and a 200 day moving average price of $10.96.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating 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 company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the business posted $0.20 earnings per share. Cushman & Wakefield's quarterly revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.
Wall Street Analyst Weigh In
CWK has been the subject of several research reports. UBS Group lifted their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price target for the company in a research report on Friday, August 8th. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Citizens Jmp assumed coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They issued a "strong-buy" rating and a $15.00 price target for the company. Finally, Morgan Stanley set a $14.50 price target on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research report on Thursday, June 12th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.38.
View Our Latest Report on Cushman & Wakefield
About Cushman & Wakefield
(
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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