Renaissance Group LLC Buys Shares of 155,143 Cushman & Wakefield plc (NYSE:CWK)

Renaissance Group LLC acquired a new stake in Cushman & Wakefield plc (NYSE:CWK - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 155,143 shares of the company's stock, valued at approximately $2,029,000. Renaissance Group LLC owned about 0.07% of Cushman & Wakefield as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd raised its holdings in Cushman & Wakefield by 4.8% during the 3rd quarter. XTX Topco Ltd now owns 19,849 shares of the company's stock worth $271,000 after purchasing an additional 903 shares during the last quarter. Blue Trust Inc. grew its holdings in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company's stock valued at $60,000 after purchasing an additional 928 shares during the period. Xponance Inc. increased its position in shares of Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company's stock valued at $216,000 after buying an additional 1,423 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Cushman & Wakefield by 1.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company's stock worth $1,974,000 after acquiring an additional 1,769 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Cushman & Wakefield by 0.3% during the 4th quarter. Rhumbline Advisers now owns 714,630 shares of the company's stock valued at $9,347,000 after purchasing an additional 1,958 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

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Cushman & Wakefield Trading Down 0.1 %

NYSE CWK traded down $0.01 on Monday, reaching $8.05. The company had a trading volume of 691,078 shares, compared to its average volume of 1,931,162. The business has a 50 day moving average of $11.05 and a two-hundred day moving average of $12.75. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 14.64 and a beta of 1.26. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued 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. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on Cushman & Wakefield from $13.00 to $11.50 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and cut their price objective for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. UBS Group cut their price target on Cushman & Wakefield from $14.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on Cushman & Wakefield from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of "Hold" and a consensus target price of $12.75.

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.