Algert Global LLC Cuts Position in Cushman & Wakefield plc (NYSE:CWK)

Algert Global LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 64.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,987 shares of the company’s stock after selling 312,023 shares during the quarter. Algert Global LLC owned 0.07% of Cushman & Wakefield worth $2,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CWK. Aristeia Capital L.L.C. increased its position in Cushman & Wakefield by 105.0% in the fourth quarter. Aristeia Capital L.L.C. now owns 43,870 shares of the company’s stock worth $574,000 after purchasing an additional 22,469 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth about $262,000. Jane Street Group LLC raised its position in shares of Cushman & Wakefield by 101.8% during the 4th quarter. Jane Street Group LLC now owns 14,542 shares of the company’s stock valued at $190,000 after buying an additional 837,554 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cushman & Wakefield by 17.0% in the 4th quarter. Northern Trust Corp now owns 3,783,117 shares of the company’s stock valued at $49,483,000 after acquiring an additional 549,718 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its position in Cushman & Wakefield by 461.6% in the fourth quarter. Aquatic Capital Management LLC now owns 75,817 shares of the company’s stock worth $992,000 after acquiring an additional 62,317 shares in the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $10.24 on Friday. The firm’s 50 day simple moving average is $9.69 and its 200-day simple moving average is $12.24. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The firm has a market cap of $2.37 billion, a PE ratio of 18.61 and a beta of 1.37.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.26 billion. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CWK shares. Morgan Stanley decreased their price objective on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, UBS Group cut their price target on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.93.

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.