Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWK) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 14,120,000 shares, a growth of 16.8% from the March 31st total of 12,090,000 shares. Approximately 6.8% of the shares of the stock are sold short. Based on an average trading volume of 2,160,000 shares, the short-interest ratio is currently 6.5 days.

Analysts Set New Price Targets

CWK has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target for the company. Wolfe Research restated 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 target price for the company. in a research note on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.08.

Cushman & Wakefield Trading Down 2.7 %

Shares of CWK opened at $9.64 on Wednesday. The company has a market capitalization of $2.19 billion, a P/E ratio of -56.70 and a beta of 1.34. Cushman & Wakefield has a one year low of $6.24 and a one year high of $11.76. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50-day moving average price of $9.90 and a 200 day moving average price of $9.50.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the business posted $0.46 EPS. Cushman & Wakefield’s quarterly revenue was down 3.6% compared to the same quarter last year. Sell-side analysts forecast that Cushman & Wakefield will post 0.99 EPS for the current fiscal year.

Insider Buying and Selling

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Cushman & Wakefield

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of Cushman & Wakefield in the 4th quarter worth approximately $50,000. Tower Research Capital LLC TRC lifted its holdings in shares of Cushman & Wakefield by 352.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after purchasing an additional 5,694 shares during the last quarter. Pale Fire Capital SE acquired a new stake in Cushman & Wakefield in the 4th quarter valued at approximately $108,000. KG&L Capital Management LLC acquired a new stake in Cushman & Wakefield in the 4th quarter valued at approximately $109,000. Finally, Xponance Inc. acquired a new stake in Cushman & Wakefield in the 4th quarter valued at approximately $109,000. Institutional investors own 95.56% of the company’s stock.

About Cushman & Wakefield

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 through Americas; Europe, Middle East and Africa; and Asia Pacific segments.