Versor Investments LP Decreases Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Versor Investments LP decreased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK - Free Report) by 52.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,400 shares of the company's stock after selling 24,600 shares during the period. Versor Investments LP's holdings in Cushman & Wakefield were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company's stock valued at $77,656,000 after buying an additional 395,652 shares during the period. New York State Teachers Retirement System grew its position in Cushman & Wakefield by 3.7% in the fourth quarter. New York State Teachers Retirement System now owns 119,198 shares of the company's stock valued at $1,559,000 after acquiring an additional 4,267 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Cushman & Wakefield in the third quarter valued at about $4,942,000. State Street Corp increased its holdings in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company's stock worth $115,359,000 after purchasing an additional 756,966 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Cushman & Wakefield during the 3rd quarter valued at $150,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK traded down $0.24 during trading on Friday, reaching $11.20. The stock had a trading volume of 1,934,803 shares, compared to its average volume of 1,917,827. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The stock has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $13.36. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 20.35 and a beta of 1.40.

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Cushman & Wakefield (NYSE:CWK - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, analysts anticipate that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CWK shares. The Goldman Sachs Group reduced their price objective on Cushman & Wakefield from $14.50 to $13.00 and set a "sell" rating for the company in a research report on Friday, February 21st. Jefferies Financial Group lowered shares of Cushman & Wakefield from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Cushman & Wakefield presently has an average rating of "Hold" and a consensus price target of $15.00.

About Cushman & Wakefield

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.