Cushman & Wakefield PLC $CWK Stock Holdings Cut by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in Cushman & Wakefield PLC by 37.5%, holding 261,520 shares worth approximately $2.67 million after selling 156,646 shares in the first quarter of 2023.
• Cushman & Wakefield's stock experienced a 0.6% decline, with a market capitalization of $3.55 billion and a current stock price of $15.33.
• In recent earnings, Cushman & Wakefield reported an earnings per share of $0.30, beating estimates, while revenue for the quarter was up 7.2% year-over-year, but still below expectations at $1.65 billion.

Trexquant Investment LP decreased its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 37.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,520 shares of the company's stock after selling 156,646 shares during the period. Trexquant Investment LP owned approximately 0.11% of Cushman & Wakefield worth $2,673,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CWK. Knights of Columbus Asset Advisors LLC boosted its holdings in Cushman & Wakefield by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock valued at $805,000 after purchasing an additional 2,070 shares during the last quarter. Yousif Capital Management LLC raised its stake in Cushman & Wakefield by 3.1% during the first quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock valued at $917,000 after buying an additional 2,686 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Cushman & Wakefield by 0.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,002,442 shares of the company's stock valued at $10,245,000 after buying an additional 3,032 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cushman & Wakefield by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock valued at $1,705,000 after buying an additional 4,963 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in Cushman & Wakefield by 5.4% during the first quarter. Oliver Luxxe Assets LLC now owns 115,791 shares of the company's stock valued at $1,183,000 after buying an additional 5,895 shares in the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

CWK traded up $0.71 during trading hours on Friday, hitting $16.57. The company's stock had a trading volume of 2,663,811 shares, compared to its average volume of 2,265,629. Cushman & Wakefield PLC has a fifty-two week low of $7.64 and a fifty-two week high of $16.61. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $3.84 billion, a PE ratio of 15.08 and a beta of 1.53. The company has a 50-day simple moving average of $13.27 and a 200 day simple moving average of $11.22.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.The firm had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same period last year, the firm earned $0.20 EPS. The firm's revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CWK. Morgan Stanley set a $14.50 price objective on Cushman & Wakefield and gave the company an "overweight" rating in a research note on Thursday, June 12th. JMP Securities upped their price objective on Cushman & Wakefield from $15.00 to $16.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group upgraded Cushman & Wakefield from a "sell" rating to a "buy" rating and set a $17.50 price objective on the stock in a research note on Friday, August 8th. Wall Street Zen upgraded Cushman & Wakefield from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, UBS Group increased their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.