Fmr LLC Trims Holdings in Cushman & Wakefield plc (NYSE:CWK)

FMR LLC trimmed its holdings in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,370,458 shares of the company's stock after selling 1,765,110 shares during the quarter. FMR LLC owned approximately 3.21% of Cushman & Wakefield worth $100,459,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its stake in Cushman & Wakefield by 83.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock valued at $155,110,000 after acquiring an additional 5,171,340 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Cushman & Wakefield by 31.2% during the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock valued at $108,108,000 after purchasing an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company's stock worth $105,802,000 after purchasing an additional 1,910,212 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Cushman & Wakefield in the second quarter worth about $13,998,000. Finally, Marshall Wace LLP boosted its stake in Cushman & Wakefield by 98.7% during the second quarter. Marshall Wace LLP now owns 2,252,780 shares of the company's stock valued at $23,429,000 after buying an additional 1,119,141 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

Shares of CWK traded up $0.04 during mid-day trading on Thursday, hitting $15.16. 1,059,232 shares of the stock were exchanged, compared to its average volume of 2,151,103. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $3.48 billion, a PE ratio of 40.97 and a beta of 1.32. Cushman & Wakefield plc has a 52-week low of $8.53 and a 52-week high of $16.11. The firm has a 50-day moving average of $13.85 and a two-hundred day moving average of $12.60.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.21 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Cushman & Wakefield plc will post 0.88 earnings per share for the current year.

Cushman & Wakefield Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.