Natixis Advisors LLC Sells 382,897 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Key Points

• Natixis Advisors LLC decreased its stake in Cushman & Wakefield PLC by 21% in the first quarter, selling 382,897 shares and holding approximately 1.44 million shares valued at about $14.76 million.
• Institutional investors own 95.56% of Cushman & Wakefield, with other hedge funds also adjusting their positions during the same period.
• Analysts have varied opinions on CWK, with target prices ranging from $12.00 to $15.00 and an average rating of "Hold" among analysts.

Natixis Advisors LLC trimmed its holdings in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 21.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444,443 shares of the company's stock after selling 382,897 shares during the period. Natixis Advisors LLC owned about 0.62% of Cushman & Wakefield worth $14,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Cushman & Wakefield by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,307,884 shares of the company's stock valued at $13,367,000 after purchasing an additional 32,795 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Cushman & Wakefield by 2.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 584,353 shares of the company's stock valued at $5,972,000 after buying an additional 11,247 shares in the last quarter. Norges Bank bought a new stake in shares of Cushman & Wakefield during the fourth quarter valued at approximately $38,720,000. Crossmark Global Holdings Inc. bought a new stake in shares of Cushman & Wakefield during the first quarter valued at approximately $333,000. Finally, Trexquant Investment LP lifted its holdings in shares of Cushman & Wakefield by 2,377.7% in the fourth quarter. Trexquant Investment LP now owns 418,166 shares of the company's stock worth $5,470,000 after buying an additional 401,289 shares in the last quarter. Institutional investors own 95.56% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CWK shares. UBS Group raised their target price on shares of Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. JMP Securities started coverage on Cushman & Wakefield in a report on Monday, July 21st. They issued a "market outperform" rating and a $15.00 target price on the stock. Wall Street Zen lowered Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. 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. Finally, Citizens Jmp started coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $13.50.

Cushman & Wakefield Trading Down 2.3%

Shares of NYSE CWK opened at $11.91 on Friday. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $16.11. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.18 and a quick ratio of 1.18. The business's 50 day moving average is $11.03 and its two-hundred day moving average is $10.96. The stock has a market capitalization of $2.75 billion, a P/E ratio of 17.26 and a beta of 1.50.

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.

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