Hotchkis & Wiley Capital Management LLC cut its position in Cushman & Wakefield plc (NYSE:CWK)

VaselineJune 12, 2024

0 3 minutes read

Hotchkis & Wiley Capital Management LLC trimmed its stake in shares of Cushman & Wakefield plc (NYSE:CWK – Free Report) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,235,380 shares of the company’s stock after selling 155,730 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.54% of Cushman & Wakefield worth $13,342,000 as of its most recent SEC filing.

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A number of other institutional investors have also made changes to their positions in CWK. GAMMA Investing LLC bought a new position in Cushman & Wakefield in the fourth quarter valued at about $50,000. AXQ Capital LP bought a new stake in Cushman & Wakefield in the third quarter valued at approximately $79,000. Tower Research Capital LLC TRC boosted its stake in Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after buying an additional 5,694 shares during the period. Pale Fire Capital SE bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $108,000. Finally, KG&L Capital Management LLC bought a new position in shares of Cushman & Wakefield in the fourth quarter valued at approximately $109,000. 95.56% of shares are owned by institutional investors and hedge funds.

Cushman & Wakefield trading up 6.1%

Shares of CWK stock opened at $10.89 on Wednesday. The stock’s fifty day moving average price is $10.31 and its two hundred day moving average price is $10.12. The company has a market cap of $2.49 billion, a PE ratio of 256.50 and a beta of 1.34. Cushman & Wakefield plc has a fifty-two week low of $6.24 and a fifty-two week high of $11.83. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13, and a current ratio of 1.13.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total value of $188,078,011.00. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.01% of the company’s shares.

Changes in Analyst Ratings

CWK has been the subject of a number of recent research reports. Jefferies Financial Group started coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, 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 research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Cushman & Wakefield currently has an average rating of “Hold” and an average price target of $11.50, according to MarketBeat.com.

Check out our latest analysis on CWK

About Cushman & Wakefield

(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.