Millennium Management LLC Decreases Holdings in Cushman & Wakefield plc (NYSE:CWK)

Millennium Management LLC trimmed its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 110,611 shares of the company's stock after selling 726,179 shares during the quarter. Millennium Management LLC's holdings in Cushman & Wakefield were worth $1,447,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CWK. Channing Capital Management LLC bought a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $61,732,000. Norges Bank bought a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $38,720,000. Raymond James Financial Inc. bought a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $25,964,000. Next Century Growth Investors LLC bought a new stake in Cushman & Wakefield during the 4th quarter valued at approximately $16,580,000. Finally, New York State Common Retirement Fund boosted its position in Cushman & Wakefield by 579.8% during 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 acquiring an additional 1,105,355 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CWK shares. Citigroup cut their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. UBS Group dropped their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley dropped their price target on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group dropped 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.93.

Cushman & Wakefield Stock Up 0.6%

CWK stock traded up $0.07 during midday trading on Friday, hitting $10.25. The company's stock had a trading volume of 946,499 shares, compared to its average volume of 1,956,527. The company has a market cap of $2.37 billion, a PE ratio of 18.63 and a beta of 1.43. Cushman & Wakefield plc has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm's 50-day moving average is $9.43 and its 200-day moving average is $11.68.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Cushman & Wakefield's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

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.