Massachusetts Financial Services Co. MA lowered its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,361,358 shares of the company's stock after selling 977,644 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.03% of Cushman & Wakefield worth $30,887,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in CWK. Smartleaf Asset Management LLC boosted its stake in Cushman & Wakefield by 264.3% during the 4th 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 last quarter. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock worth $60,000 after purchasing an additional 928 shares during the period. Ieq Capital LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter worth $135,000. Walleye Capital LLC acquired a new position in shares of Cushman & Wakefield in the 3rd quarter valued at $150,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Cushman & Wakefield by 143.9% in the 4th quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company's stock valued at $146,000 after buying an additional 6,600 shares during the period. 95.56% of the stock is currently owned by institutional investors.
Cushman & Wakefield Stock Up 0.3 %
NYSE:CWK traded up $0.03 during trading hours on Friday, reaching $8.02. 4,186,147 shares of the stock were exchanged, compared to its average volume of 2,065,100. 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 plc has a twelve month low of $7.64 and a twelve month high of $16.11. The stock has a market cap of $1.84 billion, a PE ratio of 14.57 and a beta of 1.26. The firm has a 50 day moving average of $11.05 and a 200 day moving average of $12.76.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results 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 net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities analysts expect that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CWK has been the topic of several recent analyst reports. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday, March 19th. UBS Group lowered their target price on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday. Citigroup cut their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.75.
Check Out Our Latest Analysis on Cushman & Wakefield
About Cushman & Wakefield
(
Free Report)
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.
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