Massachusetts Financial Services Co. MA Sells 57,088 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Massachusetts Financial Services Co. MA lessened its position in shares of Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,304,270 shares of the company's stock after selling 57,088 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.00% of Cushman & Wakefield worth $23,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CWK. Norges Bank acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $38,720,000. Raymond James Financial Inc. bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at $25,964,000. Next Century Growth Investors LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at $16,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Cushman & Wakefield by 101.8% during 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 in the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CWK shares. UBS Group lifted their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. JMP Securities assumed coverage on shares of Cushman & Wakefield in a research report on Monday. They set a "market outperform" rating and a $15.00 target price for the company. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. cut their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Citizens Jmp started coverage on shares of Cushman & Wakefield in a report on Monday. They set a "mkt outperform" rating and a $15.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.78.

Cushman & Wakefield Stock Up 3.6%

Shares of NYSE:CWK traded up $0.41 during midday trading on Monday, reaching $11.59. The company's stock had a trading volume of 860,803 shares, compared to its average volume of 1,959,434. The firm has a 50 day moving average of $10.71 and a 200-day moving average of $10.98. The firm has a market capitalization of $2.68 billion, a P/E ratio of 16.80 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. The firm's revenue for the quarter was up 4.6% 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 year.

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.