Vulcan Value Partners LLC Sells 2,300,155 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Key Points

• Vulcan Value Partners LLC reduced its stake in Cushman & Wakefield by 64.0%, now holding approximately 1.29 million shares valued at $13.23 million as of its latest SEC filing.
• Other institutional investors have increased their positions significantly, with Sterling Capital Management LLC boosting its holdings by 820.3% during the same period.
• The stock has been rated with a mix of opinions, holding an average rating of "Hold" with a consensus target price of $13.50.

Vulcan Value Partners LLC lowered its stake in Cushman & Wakefield PLC (NYSE:CWK - Free Report) by 64.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,294,418 shares of the company's stock after selling 2,300,155 shares during the quarter. Vulcan Value Partners LLC owned approximately 0.56% of Cushman & Wakefield worth $13,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CWK. Sterling Capital Management LLC boosted its stake in Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after purchasing an additional 6,431 shares during the period. RiverPark Advisors LLC bought a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $150,000. Capital Insight Partners LLC bought a new stake in shares of Cushman & Wakefield during the 1st quarter valued at about $175,000. Jane Street Group LLC boosted its position in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company's stock valued at $190,000 after acquiring an additional 837,554 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Cushman & Wakefield during the 4th quarter valued at about $197,000. Institutional investors own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

NYSE:CWK traded down $0.28 during mid-day trading on Friday, reaching $11.91. The stock had a trading volume of 2,361,183 shares, compared to its average volume of 2,010,117. The firm has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $10.97. 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 PLC has a one year low of $7.64 and a one year high of $16.11. 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 (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The business had revenue of $2.28 billion for 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 firm's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CWK. Wall Street Zen downgraded Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. dropped their price target on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. UBS Group lifted their price target on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. JMP Securities began coverage on Cushman & Wakefield in a research report on Monday, July 21st. They set a "market outperform" rating and a $15.00 price target for the company. Finally, Citizens Jmp initiated coverage on Cushman & Wakefield in a research report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.50.

Cushman & Wakefield 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.