Vulcan Value Partners LLC Trims Holdings in Cushman & Wakefield plc (NYSE:CWK)

Vulcan Value Partners LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,594,573 shares of the company's stock after selling 481,409 shares during the period. Cushman & Wakefield comprises 0.8% of Vulcan Value Partners LLC's investment portfolio, making the stock its 25th biggest position. Vulcan Value Partners LLC owned approximately 1.57% of Cushman & Wakefield worth $47,017,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in Cushman & Wakefield in the 4th quarter valued at $1,036,000. Nebula Research & Development LLC lifted its holdings in Cushman & Wakefield by 22.6% during the fourth quarter. Nebula Research & Development LLC now owns 49,592 shares of the company's stock valued at $649,000 after purchasing an additional 9,149 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $8,029,000. Voya Investment Management LLC increased its stake in shares of Cushman & Wakefield by 9.5% during the fourth quarter. Voya Investment Management LLC now owns 148,020 shares of the company's stock worth $1,936,000 after purchasing an additional 12,887 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth about $150,000. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Trading Up 3.3 %

NYSE CWK traded up $0.31 on Thursday, reaching $9.68. 1,023,893 shares of the company were exchanged, compared to its average volume of 2,104,165. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The business's fifty day moving average price is $9.91 and its 200 day moving average price is $12.36. The stock has a market capitalization of $2.22 billion, a P/E ratio of 17.57 and a beta of 1.26. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $2.28 billion for 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%. The company's revenue was up 4.6% on a year-over-year basis. Analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWK has been the topic of several research analyst reports. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group lowered their price target on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research note on Wednesday, March 19th. UBS Group reduced 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. Morgan Stanley decreased their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup dropped their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield currently has an average rating of "Hold" and a consensus price target of $12.93.

About Cushman & Wakefield

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.