SG Americas Securities LLC Sells 50,430 Shares of Cushman & Wakefield PLC $CWK

SG Americas Securities LLC lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 52.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 46,064 shares of the company’s stock after selling 50,430 shares during the period. SG Americas Securities LLC’s holdings in Cushman & Wakefield were worth $565,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in Cushman & Wakefield in the 3rd quarter valued at approximately $3,538,000. Lighthouse Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 3rd quarter worth approximately $7,558,000. Bessemer Group Inc. increased its position in shares of Cushman & Wakefield by 62,083.6% during the fourth quarter. Bessemer Group Inc. now owns 871,814 shares of the company’s stock valued at $14,115,000 after purchasing an additional 870,412 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Cushman & Wakefield by 27.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 649,886 shares of the company’s stock valued at $10,294,000 after purchasing an additional 141,800 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Cushman & Wakefield by 308.2% in the fourth quarter. Ritholtz Wealth Management now owns 191,542 shares of the company’s stock valued at $3,101,000 after purchasing an additional 144,622 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Cushman & Wakefield has an average rating of “Moderate Buy” and an average price target of $18.00.

Insider Transactions at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider directly owned 70,876 shares in the company, valued at $939,107. The trade was a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is owned by corporate insiders.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $13.82 on Wednesday. The stock’s fifty day simple moving average is $13.33 and its 200 day simple moving average is $14.06. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 43.19 and a beta of 1.44. Cushman & Wakefield PLC has a one year low of $10.94 and a one year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect that Cushman & Wakefield PLC will post 1.45 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.