PDT Partners LLC Sells 356,564 Shares of Cushman & Wakefield plc (NYSE:CWK)

PDT Partners LLC cut its stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) by 94.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,359 shares of the company's stock after selling 356,564 shares during the quarter. PDT Partners LLC's holdings in Cushman & Wakefield were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CWK. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company's stock worth $155,110,000 after buying an additional 5,171,340 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Cushman & Wakefield by 31.2% in the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company's stock worth $108,108,000 after buying an additional 2,469,831 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 1,910,212 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company's stock worth $27,023,000 after buying an additional 1,745,986 shares during the last quarter. Finally, Granite Investment Partners LLC purchased a new position in shares of Cushman & Wakefield in the second quarter worth approximately $13,998,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of CWK traded down $0.06 on Wednesday, reaching $15.14. The company's stock had a trading volume of 1,436,509 shares, compared to its average volume of 2,155,756. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 12-month low of $8.53 and a 12-month high of $16.11. The stock has a market capitalization of $3.47 billion, a P/E ratio of 40.86 and a beta of 1.32. The stock's 50 day simple moving average is $13.79 and its two-hundred day simple moving average is $12.56.

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