Thrivent Financial for Lutherans Sells 648,559 Shares of Cushman & Wakefield plc (NYSE:CWK)

Thrivent Financial for Lutherans reduced its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,453,840 shares of the company's stock after selling 648,559 shares during the quarter. Thrivent Financial for Lutherans owned 2.38% of Cushman & Wakefield worth $71,336,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company's stock valued at $48,000 after purchasing an additional 2,691 shares during the period. Blue Trust Inc. boosted its holdings in shares of Cushman & Wakefield by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after buying an additional 928 shares during the period. KBC Group NV increased its position in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after acquiring an additional 1,915 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Cushman & Wakefield during the fourth quarter worth $135,000. Finally, Jones Financial Companies Lllp lifted its position in 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 acquiring an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company's stock.

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Cushman & Wakefield Stock Down 1.5 %

CWK stock traded down $0.16 during mid-day trading on Friday, reaching $10.42. The company had a trading volume of 3,997,174 shares, compared to its average volume of 1,945,801. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.40. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The stock has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $13.19. 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 earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CWK shares. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Jefferies Financial Group lowered Cushman & Wakefield from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Citigroup reduced 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, March 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Cushman & Wakefield currently has a consensus rating of "Hold" and a consensus price target of $14.10.

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.