Tudor Investment Corp ET AL Sells 399,044 Shares of Cushman & Wakefield plc (NYSE:CWK)

Tudor Investment Corp ET AL decreased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,019 shares of the company's stock after selling 399,044 shares during the period. Tudor Investment Corp ET AL owned 0.10% of Cushman & Wakefield worth $3,074,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Channing Capital Management LLC bought a new position in shares of Cushman & Wakefield during the 4th quarter worth about $61,732,000. Norges Bank bought a new position in Cushman & Wakefield in the fourth quarter worth approximately $38,720,000. Raymond James Financial Inc. acquired a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $25,964,000. Next Century Growth Investors LLC bought a new stake in shares of Cushman & Wakefield during the fourth quarter valued at approximately $16,580,000. Finally, New York State Common Retirement Fund raised its position in shares of Cushman & Wakefield by 579.8% during the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company's stock worth $16,952,000 after purchasing an additional 1,105,355 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Stock Performance

CWK traded down $0.06 during trading on Monday, hitting $10.02. 2,863,212 shares of the company traded hands, compared to its average volume of 2,136,372. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The stock's fifty day moving average is $9.83 and its 200 day moving average is $12.31. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The firm has a market cap of $2.32 billion, a P/E ratio of 18.22 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted 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. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.26 billion. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note 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. Finally, Citigroup cut their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and a consensus price target of $12.93.

Cushman & Wakefield Company 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.