Cushman & Wakefield PLC (NYSE:CWK) Shares Sold by Vulcan Value Partners LLC

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

Other institutional investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC grew its position in shares of Cushman & Wakefield by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 78,751 shares of the company's stock worth $805,000 after buying an additional 2,070 shares during the period. Yousif Capital Management LLC raised its stake in Cushman & Wakefield by 3.1% in the 1st quarter. Yousif Capital Management LLC now owns 89,757 shares of the company's stock valued at $917,000 after acquiring an additional 2,686 shares during the period. Bank of Montreal Can raised its stake in Cushman & Wakefield by 8.3% in the 4th 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 period. CIBC Private Wealth Group LLC increased its position in Cushman & Wakefield by 27.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,681 shares of the company's stock worth $203,000 after buying an additional 3,567 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cushman & Wakefield by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,332 shares of the company's stock worth $1,705,000 after buying an additional 4,963 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

Wall Street Analyst Weigh In

CWK has been the topic of several research analyst reports. 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. Citizens Jmp assumed coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "strong-buy" rating and a $15.00 price target for the company. Wall Street Zen downgraded Cushman & Wakefield from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th. JMP Securities initiated coverage on Cushman & Wakefield in a report on Monday, July 21st. They set a "market outperform" rating and a $15.00 target price for the company. Finally, UBS Group raised their price objective on Cushman & Wakefield from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.50.

Cushman & Wakefield Stock Performance

Shares of CWK stock traded up $0.43 on Monday, hitting $12.36. The company had a trading volume of 781,732 shares, compared to its average volume of 2,020,035. The firm has a market cap of $2.86 billion, a P/E ratio of 17.91 and a beta of 1.50. The company has a 50-day moving average price of $11.03 and a 200-day moving average price of $10.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.64. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $16.11.

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.