Thrivent Financial for Lutherans Cuts Position in Cushman & Wakefield plc (NYSE:CWK)

Thrivent Financial for Lutherans reduced its position in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,102,399 shares of the company's stock after selling 1,870,229 shares during the period. Thrivent Financial for Lutherans owned about 2.66% of Cushman & Wakefield worth $83,176,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after buying an additional 2,027 shares in the last quarter. CWM LLC increased its position in Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company's stock worth $57,000 after buying an additional 2,080 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cushman & Wakefield by 45.8% during 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 in the last quarter. Profund Advisors LLC acquired a new stake in Cushman & Wakefield in the 2nd quarter valued at $105,000. Finally, KBC Group NV raised its position in Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company's stock valued at $109,000 after purchasing an additional 1,915 shares during the last quarter. 95.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CWK shares. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Raymond James upped their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.80.

Cushman & Wakefield Price Performance

Shares of CWK stock traded up $0.09 during trading hours on Monday, reaching $13.93. The company's stock had a trading volume of 988,678 shares, compared to its average volume of 2,199,376. The firm's 50 day simple moving average is $13.41 and its 200-day simple moving average is $12.21. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 37.19 and a beta of 1.30. Cushman & Wakefield plc has a fifty-two week low of $8.09 and a fifty-two week high of $16.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company posted $0.21 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Cushman & Wakefield plc will post 0.86 earnings per share 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.