Rhumbline Advisers Sells 31,275 Shares of Cushman & Wakefield plc (NYSE:CWK)

Rhumbline Advisers lowered its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 683,355 shares of the company's stock after selling 31,275 shares during the period. Rhumbline Advisers owned 0.30% of Cushman & Wakefield worth $6,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. grew its position in shares of Cushman & Wakefield by 9.4% during the 4th quarter. Xponance Inc. now owns 16,484 shares of the company's stock worth $216,000 after purchasing an additional 1,423 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock worth $1,974,000 after buying an additional 1,769 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after purchasing an additional 2,691 shares during the last quarter. Swiss National Bank grew its position in shares of Cushman & Wakefield by 0.6% in the 4th quarter. Swiss National Bank now owns 450,900 shares of the company's stock valued at $5,898,000 after buying an additional 2,700 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Cushman & Wakefield by 8.3% in the fourth quarter. Bank of Montreal Can now owns 43,561 shares of the company's stock valued at $570,000 after acquiring an additional 3,329 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley increased their price target on Cushman & Wakefield from $14.00 to $14.50 and gave the stock an "overweight" rating in a report on Thursday. UBS Group reduced their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup lowered their target price on 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. lowered their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday, March 19th. One equities research 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.com, Cushman & Wakefield has an average rating of "Hold" and an average price target of $13.00.

Cushman & Wakefield Price Performance

CWK traded up $0.14 during trading on Thursday, reaching $10.79. The stock had a trading volume of 1,772,547 shares, compared to its average volume of 1,953,736. The stock has a market cap of $2.50 billion, a PE ratio of 19.62 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 one year low of $7.64 and a one year high of $16.11. The business has a 50-day moving average of $9.53 and a 200-day moving average of $11.59.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Cushman & Wakefield's 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 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.