Victory Capital Management Inc. Reduces Holdings in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. cut its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,098,252 shares of the company's stock after selling 100,077 shares during the quarter. Victory Capital Management Inc. owned about 1.80% of Cushman & Wakefield worth $44,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CWK. GAMMA Investing LLC bought a new stake in Cushman & Wakefield in the fourth quarter worth $50,000. AXQ Capital LP purchased a new position in Cushman & Wakefield in the third quarter worth about $79,000. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 2,737 shares in the last quarter. KG&L Capital Management LLC purchased a new stake in shares of Cushman & Wakefield during the fourth quarter valued at approximately $109,000. Finally, Xponance Inc. purchased a new position in Cushman & Wakefield in the 4th quarter worth approximately $109,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

CWK traded up $0.10 during trading on Monday, hitting $10.12. The company's stock had a trading volume of 1,725,326 shares, compared to its average volume of 2,059,107. The firm has a market cap of $2.32 billion, a PE ratio of 250.50 and a beta of 1.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The business's 50 day simple moving average is $9.89 and its 200-day simple moving average is $9.55. Cushman & Wakefield plc has a one year low of $6.24 and a one year high of $11.76.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. Cushman & Wakefield's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, sell-side analysts predict that Cushman & Wakefield plc will post 0.98 EPS for the current fiscal year.

Insider Transactions at Cushman & Wakefield

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wolfe Research restated a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Raymond James cut shares of Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 target price on the stock. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a "buy" rating and a $13.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cushman & Wakefield has an average rating of "Hold" and a consensus price target of $11.08.

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.