Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 10,890,000 shares, a decrease of 17.9% from the February 28th total of 13,260,000 shares. Based on an average daily trading volume, of 1,760,000 shares, the days-to-cover ratio is currently 6.2 days. Currently, 4.8% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group downgraded Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group decreased their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. raised their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Citigroup lowered their price target on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Cushman & Wakefield presently has a consensus rating of "Hold" and an average price target of $14.10.

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Cushman & Wakefield Stock Down 4.8 %

NYSE CWK traded down $0.46 during midday trading on Friday, hitting $8.99. 1,962,909 shares of the company traded hands, compared to its average volume of 2,015,504. The company has a market cap of $2.06 billion, a PE ratio of 16.34 and a beta of 1.26. 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 has a 52 week low of $8.48 and a 52 week high of $16.11. The company's 50-day simple moving average is $11.80 and its 200-day simple moving average is $13.01.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.67 billion. As a group, equities research analysts forecast that Cushman & Wakefield will post 1.2 earnings per share for the current year.

Institutional Trading of Cushman & Wakefield

Institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $1,778,000. Jefferies Financial Group Inc. acquired a new position in shares of Cushman & Wakefield in the fourth quarter valued at about $2,498,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cushman & Wakefield by 54.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,067,526 shares of the company's stock valued at $40,123,000 after buying an additional 1,084,940 shares during the last quarter. Teza Capital Management LLC increased its holdings in Cushman & Wakefield by 124.4% in the 4th quarter. Teza Capital Management LLC now owns 62,797 shares of the company's stock worth $821,000 after buying an additional 34,807 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Cushman & Wakefield by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 69,020 shares of the company's stock valued at $903,000 after acquiring an additional 21,242 shares during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

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.