Peregrine Capital Management LLC Has $5.09 Million Stock Position in Cushman & Wakefield PLC (NYSE:CWK)

Peregrine Capital Management LLC cut its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,625 shares of the company's stock after selling 27,207 shares during the quarter. Peregrine Capital Management LLC owned about 0.22% of Cushman & Wakefield worth $5,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWK. Smartleaf Asset Management LLC lifted its holdings in Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after buying an additional 2,691 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock valued at $94,000 after acquiring an additional 6,431 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cushman & Wakefield by 143.9% during the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after purchasing an additional 6,600 shares during the period. RiverPark Advisors LLC acquired a new stake in Cushman & Wakefield during the fourth quarter worth about $150,000. Finally, AXQ Capital LP bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $169,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CWK. Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Wall Street Zen cut Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 22nd. 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 report on Wednesday, March 19th. JPMorgan Chase & Co. reduced 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, Morgan Stanley set a $14.50 target price on Cushman & Wakefield and gave the stock an "overweight" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $13.43.

Cushman & Wakefield Stock Up 1.7%

Shares of Cushman & Wakefield stock traded up $0.20 during trading on Friday, hitting $11.85. 1,103,348 shares of the stock traded hands, compared to its average volume of 1,956,798. The stock has a market cap of $2.74 billion, a P/E ratio of 17.17 and a beta of 1.43. The company has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $11.12. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 13.50% and a net margin of 1.70%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts predict that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal 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.