HGI Capital Management LLC reduced its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,235 shares of the company's stock after selling 179,966 shares during the period. Cushman & Wakefield accounts for about 3.2% of HGI Capital Management LLC's investment portfolio, making the stock its 13th largest holding. HGI Capital Management LLC owned about 0.10% of Cushman & Wakefield worth $3,077,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of CWK. JPMorgan Chase & Co. raised its holdings in shares of Cushman & Wakefield by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company's stock valued at $179,204,000 after purchasing an additional 806,684 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cushman & Wakefield by 9.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company's stock valued at $163,164,000 after buying an additional 1,094,260 shares during the period. Geode Capital Management LLC lifted its holdings in Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Channing Capital Management LLC purchased a new position in Cushman & Wakefield in the fourth quarter worth about $61,732,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Cushman & Wakefield by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,027,744 shares of the company's stock valued at $52,683,000 after purchasing an additional 52,178 shares during the period. Institutional investors own 95.56% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CWK. The Goldman Sachs Group cut their price objective on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating for the company in a research note on Wednesday, March 19th. Jefferies Financial Group cut shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. Citigroup decreased their target price on Cushman & Wakefield from $16.00 to $12.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Finally, UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. One research 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.75.
Get Our Latest Stock Analysis on CWK
Cushman & Wakefield Stock Performance
Shares of CWK stock traded up $0.40 during mid-day trading on Wednesday, reaching $8.58. The stock had a trading volume of 1,675,124 shares, compared to its average volume of 2,090,752. Cushman & Wakefield plc has a 1-year low of $7.64 and a 1-year high of $16.11. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 15.60 and a beta of 1.26. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The business's fifty day moving average is $10.36 and its 200-day moving average is $12.51.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. On average, research analysts forecast that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.
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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