Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 17.9% in March

Cushman & Wakefield plc (NYSE:CWK) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 10,890,000 shares, a decline of 17.9% from the February 28th total of 13,260,000 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average trading volume of 1,760,000 shares, the days-to-cover ratio is currently 6.2 days.

Institutional Trading of Cushman & Wakefield

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vestcor Inc lifted its position in shares of Cushman & Wakefield by 316.7% in the 4th quarter. Vestcor Inc now owns 70,529 shares of the company’s stock worth $923,000 after purchasing an additional 53,602 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new stake in Cushman & Wakefield during the fourth quarter worth $1,003,000. Proficio Capital Partners LLC bought a new stake in Cushman & Wakefield during the 4th quarter valued at $318,000. Channing Capital Management LLC purchased a new position in shares of Cushman & Wakefield in the 4th quarter valued at $61,732,000. Finally, Geode Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.6 %

CWK stock traded up $0.06 during midday trading on Tuesday, reaching $10.28. The company’s stock had a trading volume of 142,744 shares, compared to its average volume of 2,021,285. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 18.68 and a beta of 1.40. The stock has a fifty day simple moving average of $12.10 and a two-hundred day simple moving average of $13.11. 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 (NYSE:CWK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CWK shares. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. 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, The Goldman Sachs Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.10.

About Cushman & Wakefield

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.