Cwm LLC Sells 1,621 Cushman & Wakefield plc (NYSE:CWK) Shares

Cwm LLC lessened its holdings in Cushman & Wakefield plc (NYSE:CWK – Free Report) by 34.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,068 shares of the company’s stock after selling 1,621 shares during the period. Cwm LLC’s holdings in Cushman & Wakefield were worth $33,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CWK. AXQ Capital LP bought a new stake in shares of Cushman & Wakefield in the third quarter valued at about $79,000. Allspring Global Investments Holdings LLC boosted its position in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares in the last quarter. KG&L Capital Management LLC bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at $109,000. Xponance Inc. purchased a new position in shares of Cushman & Wakefield during the fourth quarter valued at $109,000. Finally, PNC Financial Services Group Inc. boosted its stake in Cushman & Wakefield by 37.4% in the third quarter. PNC Financial Services Group Inc. now owns 15,434 shares of the company’s stock valued at $118,000 after acquiring an additional 4,201 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s shares.

Changes in Analyst Ratings

A number of equities research analysts have recently weighed in on the company. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price on the stock. in a report on Wednesday, April 3. Finally, Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cushman & Wakefield has a consensus rating of “Hold” and an average price target of $11.08, according to MarketBeat .

Read our latest analysis of Cushman and Wakefield

Indoor activity

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. 1.01% of shares are currently owned by company insiders.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock opened at $10.55 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of 263.63 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.13, and a debt-to-equity ratio of 1.89. The company has a 50 day moving average price of $9.94 and a two hundred day moving average price of $9.63. Cushman & Wakefield plc has a 1 year low of $6.24 and a 1 year high of $11.76.

Cushman & Wakefield (NYSE:CWK – Get Free Report ) last issued its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The company’s revenue for the quarter was down 3.6% year over year. During the same period last year, the company posted earnings of $0.46 per share. As a group, analysts anticipate that Cushman & Wakefield plc will post 0.97 EPS for the current year.

Cushman & Wakefield Company Profile

(Free Report)

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 across America; Europe, Middle East and Africa; and the Asia Pacific segments.

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