Teacher Retirement System of Texas Sells 95,117 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Teacher Retirement System of Texas lessened its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 35.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,548 shares of the company's stock after selling 95,117 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Cushman & Wakefield worth $1,774,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWK. Jones Financial Companies Lllp grew its stake in Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock worth $146,000 after buying an additional 6,600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cushman & Wakefield by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock worth $52,683,000 after acquiring an additional 52,178 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $318,000. Raymond James Financial Inc. bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $25,964,000. Finally, Amundi lifted its holdings in shares of Cushman & Wakefield by 191.8% in the 4th quarter. Amundi now owns 117,774 shares of the company's stock worth $1,436,000 after acquiring an additional 77,415 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Trading Down 0.6%

CWK traded down $0.08 during trading on Monday, hitting $11.63. 1,988,639 shares of the stock traded hands, compared to its average volume of 1,964,437. The firm has a market capitalization of $2.69 billion, a P/E ratio of 16.85 and a beta of 1.43. 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 firm has a 50-day moving average of $10.59 and a 200 day moving average of $11.04. Cushman & Wakefield PLC has a 12-month low of $7.64 and a 12-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, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a net margin of 1.70% and a return on equity of 13.50%. The company's revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. Morgan Stanley set a $14.50 price objective on shares of Cushman & Wakefield and gave the stock an "overweight" rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cushman & Wakefield presently has an average rating of "Hold" and an average target price of $13.43.

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.