Versor Investments LP Decreases Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Versor Investments LP lessened its holdings in Cushman & Wakefield plc (NYSE:CWK) by 52.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,400 shares of the company’s stock after selling 24,600 shares during the quarter. Versor Investments LP’s holdings in Cushman & Wakefield were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CWK. Vaughan Nelson Investment Management L.P. increased its stake in Cushman & Wakefield by 9.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock worth $163,164,000 after acquiring an additional 1,094,260 shares during the last quarter. State Street Corp raised its stake in Cushman & Wakefield by 9.8% in the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after purchasing an additional 756,966 shares in the last quarter. Geode Capital Management LLC raised its stake in Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after purchasing an additional 395,652 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Cushman & Wakefield by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after purchasing an additional 301,186 shares during the last quarter. Finally, WCM Investment Management LLC grew its stake in Cushman & Wakefield by 3.4% in the 3rd quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock worth $34,591,000 after buying an additional 84,002 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK stock opened at $11.55 on Tuesday. The company’s fifty day moving average price is $12.93 and its 200-day moving average price is $13.41. The stock has a market cap of $2.65 billion, a PE ratio of 21.00 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 12 month low of $9.24 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, equities analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CWK shares. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $14.00 in a research note on Thursday, January 2nd. The Goldman Sachs Group lowered their price objective on shares of Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.00.

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.