Cushman & Wakefield plc (NYSE:CWK) Sees Large Increase in Short Interest

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 15,220,000 shares, a growth of 7.8% from the April 15th total of 14,120,000 shares. Based on an average trading volume of 2,130,000 shares, the short-interest ratio is presently 7.1 days. Approximately 7.3% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

CWK has been the topic of several recent analyst reports. Raymond James cut shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 price objective on the stock. in a research report on Wednesday, April 3rd. Wolfe Research restated a "peer perform" rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They issued a "buy" rating and a $13.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.08.

Cushman & Wakefield Price Performance

CWK stock traded up $0.28 during trading on Thursday, hitting $11.66. 2,337,965 shares of the company's stock traded hands, compared to its average volume of 2,050,380. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 287.75 and a beta of 1.33. The business has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.74. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the previous year, the company earned $0.46 EPS. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts expect that Cushman & Wakefield will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now owns 40,427 shares of the company's stock, valued at $403,865.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Nathaniel Robinson sold 40,000 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now owns 40,427 shares of the company's stock, valued at approximately $403,865.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the transaction, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of CWK. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cushman & Wakefield by 45.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,583 shares of the company's stock worth $245,000 after purchasing an additional 10,164 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company's stock worth $88,000 after acquiring an additional 2,737 shares during the period. Olympiad Research LP grew its holdings in Cushman & Wakefield by 13.2% during the 3rd quarter. Olympiad Research LP now owns 20,006 shares of the company's stock worth $152,000 after acquiring an additional 2,332 shares in the last quarter. Principal Financial Group Inc. increased its position in Cushman & Wakefield by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,032,188 shares of the company's stock valued at $7,865,000 after purchasing an additional 21,178 shares during the period. Finally, Illinois Municipal Retirement Fund purchased a new position in Cushman & Wakefield during the 3rd quarter valued at about $743,000. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.