Cushman & Wakefield PLC $CWK Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Cushman & Wakefield holdings by 93% in the second quarter, selling 164,920 shares and retaining 12,465 shares valued at approximately $167,000.
• Other institutional investors generally increased their positions, and institutions collectively own 95.56% of CWK. Corporate insiders own 0.74% of the stock, though two insiders recently sold shares.
• CWK shares opened at $12.19, below the analyst consensus price target of $17.57. Analysts rate the stock “Moderate Buy,” while the company reported quarterly EPS of $0.35 on $2.76 billion in revenue.

Engineers Gate Manager LP decreased its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 93.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,465 shares of the company's stock after selling 164,920 shares during the quarter. Engineers Gate Manager LP's holdings in Cushman & Wakefield were worth $167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CWK. Versant Capital Management Inc lifted its position in shares of Cushman & Wakefield by 21.7% in the second quarter. Versant Capital Management Inc now owns 4,464 shares of the company's stock worth $60,000 after buying an additional 795 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Cushman & Wakefield by 1.8% during the 1st quarter. Cetera Investment Advisers now owns 49,108 shares of the company's stock valued at $602,000 after acquiring an additional 876 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of Cushman & Wakefield by 11.2% in the 1st quarter. Personal CFO Solutions LLC now owns 16,326 shares of the company's stock valued at $200,000 after acquiring an additional 1,650 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Cushman & Wakefield by 3.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 57,745 shares of the company's stock valued at $708,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in Cushman & Wakefield by 8.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 38,906 shares of the company's stock worth $477,000 after purchasing an additional 3,157 shares during the last quarter. Institutional investors own 95.56% of the company's stock.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Laurida Sayed sold 16,000 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the transaction, the insider owned 5,461 shares of the company's stock, valued at approximately $75,798.68. The trade was a 74.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathaniel Robinson sold 12,500 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $13.39, for a total value of $167,375.00. Following the sale, the insider owned 58,376 shares in the company, valued at $781,654.64. The trade was a 17.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by corporate insiders.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $12.19 on Monday. The firm has a market cap of $2.86 billion, a P/E ratio of 42.02 and a beta of 1.44. The firm's 50-day simple moving average is $13.47 and its 200-day simple moving average is $13.29. Cushman & Wakefield PLC has a twelve month low of $11.56 and a twelve month high of $17.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.08 and a current ratio of 1.08.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 EPS for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The firm had revenue of $2.76 billion during the quarter. As a group, research analysts expect that Cushman & Wakefield PLC will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CWK shares. Barclays upped their price target on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Monday, August 17th. Weiss Ratings raised Cushman & Wakefield from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Finally, UBS Group decreased their target price on Cushman & Wakefield from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.57.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc is a global commercial real estate services company that helps property owners, occupiers, investors and developers manage and transact real estate. Its services include leasing, capital markets advisory, valuation and appraisal, investment and asset management, research, consulting, and tenant representation.

The company also provides property, facilities and project management services, supporting clients with day-to-day operations, workplace strategy, construction and development projects, and real estate portfolio planning.

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