Cushman & Wakefield plc (NYSE:CWK) short interest rose 7.8% in April

Cushman & Wakefield plc (NYSE:CWK – Get Free Report ) received a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 15,220,000 shares, an increase of 7.8% from the April 15th total of 14,120,000 shares. Based on an average daily volume of 2,130,000 shares, the days-to-cover ratio is currently 7.1 days. Currently, 7.3% of the company’s shares are short sold.

Insider activity at Cushman & Wakefield

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

Institutional inputs and outputs

A number of institutional investors have recently modified their holdings of CWK. Vaughan Nelson Investment Management LP boosted its holdings in Cushman & Wakefield by 580.8% in the first quarter. Vaughan Nelson Investment Management LP now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after buying an additional 4,701,460 shares in the last quarter. Norges Bank bought a new stake in shares of Cushman & Wakefield during the fourth quarter valued at $18,742,000. Vanguard Group Inc. increased its holdings in shares of Cushman & Wakefield by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after purchasing an additional 1,110,076 shares in the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of Cushman & Wakefield in the third quarter valued at $7,473,000. Finally, FMR LLC boosted its holdings in shares of Cushman & Wakefield by 3.9% in the third quarter. FMR LLC now owns 22,232,050 shares of the company’s stock valued at $169,408,000 after purchasing an additional 834,176 shares in the last quarter. Institutional investors own 95.56% of the company’s shares.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $11.36 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13, and a quick ratio of 1.13. The company’s fifty day moving average price is $10.01 and its two hundred day moving average price is $9.74. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $11.76. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 284.00 and a beta of 1.33.

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

Analysts set new price targets

CWK has been the subject of several recent research reports. Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, April 3. Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus price target of $11.08, based on data from MarketBeat.

Read our latest analysis of Cushman and Wakefield

Cushman & Wakefield Company Profile

(Get a 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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