Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 15.2% in March

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,230,000 shares, a decline of 15.2% from the March 15th total of 10,890,000 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the company. Channing Capital Management LLC bought a new position in Cushman & Wakefield in the 4th quarter valued at approximately $61,732,000. Norges Bank acquired a new position in Cushman & Wakefield in the 4th quarter valued at approximately $38,720,000. Raymond James Financial Inc. bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at $25,964,000. Next Century Growth Investors LLC acquired a new position in shares of Cushman & Wakefield during the fourth quarter worth $16,580,000. Finally, New York State Common Retirement Fund grew its stake in shares of Cushman & Wakefield by 579.8% in 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 last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CWK shares. Citigroup dropped their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Morgan Stanley decreased their price target on shares of Cushman & Wakefield from $15.00 to $14.00 and set an "overweight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. UBS Group lowered their price objective on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.93.

Cushman & Wakefield Price Performance

Shares of CWK stock traded down $0.15 on Friday, hitting $8.81. 1,343,849 shares of the company's stock were exchanged, compared to its average volume of 2,062,340. Cushman & Wakefield has a 12 month low of $7.64 and a 12 month high of $16.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company has a 50 day moving average of $10.18 and a 200 day moving average of $12.45. The stock has a market cap of $2.02 billion, a P/E ratio of 16.02 and a beta of 1.26.

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, 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 firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, equities research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

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.