Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 836,188 shares of the company's stock after buying an additional 138,341 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.36% of Cushman & Wakefield worth $10,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CWK. Smartleaf Asset Management LLC raised its position 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 during the period. Blue Trust Inc. lifted its stake in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after buying an additional 928 shares in the last quarter. KBC Group NV boosted its holdings in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after buying an additional 1,915 shares during the last quarter. Ieq Capital LLC purchased a new stake in Cushman & Wakefield during the 4th quarter worth approximately $135,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Cushman & Wakefield by 143.9% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 95.56% of the company's stock.

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Cushman & Wakefield Trading Up 0.4 %

Shares of NYSE:CWK traded up $0.05 during midday trading on Wednesday, reaching $10.51. 2,425,403 shares of the company's stock were exchanged, compared to its average volume of 1,935,685. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 19.10 and a beta of 1.40. The firm's 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $13.25. 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 (NYSE:CWK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion during the quarter, compared to analysts' expectations of $2.67 billion. As a group, sell-side analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on CWK shares. Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their target price for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of "Hold" and an average target price of $14.10.

Cushman & Wakefield 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.