Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 524,832 shares of the company's stock after selling 19,155 shares during the period. Peregrine Capital Management LLC owned 0.23% of Cushman & Wakefield worth $6,865,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CWK. Blue Trust Inc. lifted its position in Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock worth $48,000 after acquiring an additional 2,027 shares during the period. KBC Group NV grew its holdings in Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after acquiring an additional 1,915 shares during the period. CWM LLC grew its holdings in Cushman & Wakefield by 67.6% during the third quarter. CWM LLC now owns 9,167 shares of the company's stock worth $125,000 after acquiring an additional 3,699 shares during the period. Walleye Capital LLC acquired a new position in Cushman & Wakefield during the third quarter worth $150,000. Finally, Empowered Funds LLC lifted its stake in shares of Cushman & Wakefield by 11.7% in 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 during the period. Institutional investors and hedge funds own 95.56% of the company's stock.

Cushman & Wakefield Price Performance

NYSE CWK traded down $0.57 during trading hours on Friday, reaching $11.68. The company's stock had a trading volume of 2,500,915 shares, compared to its average volume of 1,541,430. The stock has a market cap of $2.68 billion, a PE ratio of 31.55 and a beta of 1.34. Cushman & Wakefield plc has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company's 50-day moving average is $13.18 and its two-hundred day moving average is $13.41. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that Cushman & Wakefield plc will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating on the stock in a research report on Friday. Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.00.

Cushman & Wakefield Company Profile

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.