Graham Capital Management L.P. Cuts Holdings in Cushman & Wakefield PLC $CWK

Key Points

• Graham Capital Management L.P. has significantly reduced its stake in Cushman & Wakefield PLC, lowering its position by 64.2% to 50,513 shares after selling 90,437 shares in the first quarter.
• Cushman & Wakefield reported earnings of $0.30 per share for the most recent quarter, surpassing analyst expectations, while its revenue was down 7.2% year-over-year at $1.65 billion.
• Analysts show varied confidence in Cushman & Wakefield, with the stock receiving an average rating of "Moderate Buy" and a consensus price target of $15.13 from seven analysts.

Graham Capital Management L.P. lowered its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 64.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,513 shares of the company's stock after selling 90,437 shares during the period. Graham Capital Management L.P.'s holdings in Cushman & Wakefield were worth $516,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DRW Securities LLC bought a new stake in shares of Cushman & Wakefield in the first quarter valued at approximately $109,000. Jane Street Group LLC raised its position in shares of 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 purchasing an additional 837,554 shares during the period. First Trust Advisors LP bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $197,000. Capital Insight Partners LLC bought a new stake in shares of Cushman & Wakefield in the first quarter valued at approximately $175,000. Finally, Vident Advisory LLC increased its holdings in Cushman & Wakefield by 18.1% during the 1st quarter. Vident Advisory LLC now owns 17,310 shares of the company's stock worth $177,000 after acquiring an additional 2,656 shares during the period. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

CWK stock traded up $0.04 during midday trading on Friday, reaching $16.63. The company had a trading volume of 1,620,436 shares, compared to its average volume of 1,996,825. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.13 and a quick ratio of 1.13. Cushman & Wakefield PLC has a 1 year low of $7.64 and a 1 year high of $16.77. The company has a market capitalization of $3.85 billion, a P/E ratio of 18.90 and a beta of 1.53. The firm has a 50-day moving average price of $13.75 and a 200-day moving average price of $11.38.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS 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 during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the previous year, the company earned $0.20 EPS. The business's quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts anticipate that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, Director Angela Sun sold 6,800 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the completion of the transaction, the director owned 46,498 shares of the company's stock, valued at $744,897.96. The trade was a 12.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CWK has been the topic of a number of analyst reports. Wall Street Zen raised shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Citizens Jmp initiated coverage on shares of Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 target price on the stock. The Goldman Sachs Group raised shares of Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 target price on the stock in a report on Friday, August 8th. UBS Group upped their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, JMP Securities upped their target price on shares of Cushman & Wakefield from $15.00 to $16.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.13.

Cushman & Wakefield 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.