Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 7.4% in December

Cushman & Wakefield plc (NYSE:CWK) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 13,850,000 shares, a decline of 7.4% from the December 15th total of 14,950,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is currently 7.8 days.

Cushman & Wakefield Stock Performance

Cushman & Wakefield stock traded up $0.23 during trading hours on Friday, hitting $13.37. The stock had a trading volume of 932,439 shares, compared to its average volume of 1,284,988. The company has a 50-day moving average of $13.91 and a two-hundred day moving average of $13.25. 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 has a fifty-two week low of $9.24 and a fifty-two week high of $16.11. The company has a market cap of $3.07 billion, a PE ratio of 36.12 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Monday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Cushman & Wakefield’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Cushman & Wakefield will post 0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. raised its position in Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock worth $155,110,000 after purchasing an additional 5,171,340 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares during the period. State Street Corp raised its holdings in shares of Cushman & Wakefield by 9.8% in the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after buying an additional 756,966 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after buying an additional 395,652 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock worth $54,187,000 after buying an additional 301,186 shares during the period. 95.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CWK shares. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Company Profile

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.