Hotchkis & Wiley Capital Management LLC Lowers Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 964,580 shares of the company's stock after selling 223,400 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.42% of Cushman & Wakefield worth $13,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its stake in shares of Cushman & Wakefield by 11.7% during the third quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock valued at $153,000 after purchasing an additional 1,180 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Cushman & Wakefield by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company's stock worth $831,000 after purchasing an additional 1,395 shares during the period. CIBC Asset Management Inc grew its position in Cushman & Wakefield by 10.5% in the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock worth $205,000 after purchasing an additional 1,421 shares during the period. Handelsbanken Fonder AB grew its position in Cushman & Wakefield by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock worth $334,000 after purchasing an additional 1,500 shares during the period. Finally, GAMMA Investing LLC grew its position in Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock worth $71,000 after purchasing an additional 1,629 shares during the period. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded down $0.06 on Wednesday, hitting $15.14. 1,436,509 shares of the company's stock were exchanged, compared to its average volume of 2,155,756. The company has a 50-day simple moving average of $13.83 and a 200-day simple moving average of $12.58. The stock has a market capitalization of $3.47 billion, a PE ratio of 40.91 and a beta of 1.32. Cushman & Wakefield plc has a 1 year low of $8.53 and a 1 year high of $16.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Cushman & Wakefield's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.88 EPS for the current year.

Cushman & Wakefield Company 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.