Graham Capital Management L.P. lowered its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 20.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,950 shares of the company's stock after selling 35,467 shares during the period. Graham Capital Management L.P. owned about 0.06% of Cushman & Wakefield worth $1,844,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC raised its stake in Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock worth $48,000 after acquiring an additional 2,691 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after buying an additional 928 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company's stock worth $94,000 after buying an additional 6,431 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Cushman & Wakefield in the 4th quarter valued at $135,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Cushman & Wakefield by 143.9% during the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after acquiring an additional 6,600 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.
Cushman & Wakefield Trading Up 0.8%
Shares of Cushman & Wakefield stock traded up $0.08 during midday trading on Thursday, reaching $10.60. The company had a trading volume of 1,242,245 shares, compared to its average volume of 2,141,891. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The stock has a fifty day moving average price of $9.62 and a 200 day moving average price of $12.17. The firm has a market cap of $2.45 billion, a PE ratio of 19.27 and a beta of 1.37.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.26 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. Cushman & Wakefield's revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. UBS Group lowered their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped 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. Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Morgan Stanley decreased their price target on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.93.
Check Out Our Latest Research Report on CWK
About Cushman & Wakefield
(
Free Report)
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.
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