Squarepoint Ops LLC Sells 44,064 Shares of Cushman & Wakefield plc (NYSE:CWK)

Squarepoint Ops LLC trimmed its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,165 shares of the company's stock after selling 44,064 shares during the period. Squarepoint Ops LLC's holdings in Cushman & Wakefield were worth $1,035,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Channing Capital Management LLC bought a new stake in Cushman & Wakefield during the fourth quarter worth about $61,732,000. Norges Bank acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth approximately $38,720,000. Raymond James Financial Inc. bought a new stake in shares of Cushman & Wakefield during the 4th quarter worth approximately $25,964,000. Next Century Growth Investors LLC bought a new stake in shares of Cushman & Wakefield during the 4th quarter worth approximately $16,580,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Cushman & Wakefield by 579.8% in the 4th quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock valued at $16,952,000 after buying an additional 1,105,355 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CWK. Morgan Stanley lowered their target price on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Citigroup lowered their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. UBS Group reduced their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group lowered their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.93.

Cushman & Wakefield Stock Performance

Shares of CWK stock traded up $0.21 during midday trading on Wednesday, hitting $10.27. 1,540,852 shares of the company were exchanged, compared to its average volume of 1,963,651. The firm has a market capitalization of $2.38 billion, a P/E ratio of 18.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a 52 week low of $7.64 and a 52 week high of $16.11. The firm's 50 day moving average price is $9.43 and its two-hundred day moving average price is $11.74.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. The company's quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities 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.