Cushman & Wakefield PLC (NYSE:CWK) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has reduced its position in Cushman & Wakefield PLC by 23.3%, now holding 641,094 shares valued at approximately $6.55 million.
• Several large investors, including Sterling Capital Management LLC, have significantly increased their stakes in Cushman & Wakefield, with 95.56% of the stock currently owned by institutional investors and hedge funds.
• Cushman & Wakefield reported an EPS of $0.30 for its most recent quarter, exceeding estimates and reflecting a 7.2% year-over-year revenue increase.

Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 23.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,094 shares of the company's stock after selling 195,094 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.28% of Cushman & Wakefield worth $6,552,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Cushman & Wakefield in the fourth quarter valued at $25,964,000. Deutsche Bank AG increased its holdings in Cushman & Wakefield by 807.1% in the first quarter. Deutsche Bank AG now owns 1,870,044 shares of the company's stock valued at $19,112,000 after buying an additional 1,663,880 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cushman & Wakefield by 54.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after buying an additional 1,084,940 shares during the last quarter. Jane Street Group LLC increased its holdings in Cushman & Wakefield by 101.8% in the fourth quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after buying an additional 837,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cushman & Wakefield by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company's stock valued at $151,551,000 after buying an additional 736,955 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Cushman & Wakefield Trading Down 0.4%

CWK traded down $0.06 during trading on Thursday, hitting $14.93. The company's stock had a trading volume of 2,788,994 shares, compared to its average volume of 2,534,144. The firm's 50 day moving average price is $11.71 and its 200-day moving average price is $10.99. 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 stock has a market cap of $3.46 billion, a PE ratio of 16.96 and a beta of 1.50. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm posted $0.20 EPS. Cushman & Wakefield's revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CWK shares. Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. UBS Group raised their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Citizens Jmp started coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price objective on the stock. The Goldman Sachs Group raised Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective on the stock in a report on Friday, August 8th. Finally, JMP Securities raised their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Four investment 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $14.38.

About Cushman & Wakefield

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.