WCM Investment Management LLC Trims Holdings in Cushman & Wakefield PLC (NYSE:CWK)

WCM Investment Management LLC lessened its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,286,239 shares of the company's stock after selling 151,319 shares during the quarter. WCM Investment Management LLC owned 1.00% of Cushman & Wakefield worth $23,297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CWK. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $61,732,000. Norges Bank purchased a new stake in Cushman & Wakefield during the 4th quarter valued at about $38,720,000. Raymond James Financial Inc. purchased a new position in Cushman & Wakefield in the 4th quarter worth approximately $25,964,000. Next Century Growth Investors LLC bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $16,580,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 purchasing an additional 1,084,940 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Trading Up 2.6%

Shares of NYSE CWK traded up $0.30 during midday trading on Wednesday, hitting $11.69. 2,994,749 shares of the company traded hands, compared to its average volume of 1,951,866. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-month high of $16.11. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day moving average price of $10.20 and a 200 day moving average price of $11.16. The firm has a market cap of $2.70 billion, a P/E ratio of 16.94 and a beta of 1.43.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping 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 business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CWK. Citigroup cut their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. UBS Group boosted their price objective on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday. Wall Street Zen downgraded shares of Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. The Goldman Sachs Group cut their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. Finally, Morgan Stanley set a $14.50 price target on Cushman & Wakefield and gave the company an "overweight" rating in a report on Thursday, June 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and an average target price of $13.43.

Cushman & Wakefield Company 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.