Freedom Investment Management Inc. Sells 5,001 Shares of Cushman & Wakefield plc (NYSE:CWK)

Freedom Investment Management Inc. lowered its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,531 shares of the company’s stock after selling 5,001 shares during the quarter. Freedom Investment Management Inc.’s holdings in Cushman & Wakefield were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its holdings in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after acquiring an additional 928 shares during the period. Xponance Inc. boosted its holdings in shares of Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company’s stock worth $216,000 after buying an additional 1,423 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Cushman & Wakefield by 1.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock valued at $1,974,000 after buying an additional 1,769 shares during the period. Rhumbline Advisers increased its holdings in Cushman & Wakefield by 0.3% during the fourth quarter. Rhumbline Advisers now owns 714,630 shares of the company’s stock worth $9,347,000 after buying an additional 1,958 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Cushman & Wakefield by 264.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

CWK has been the subject of a number of research reports. UBS Group reduced their target price on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price objective on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Finally, Citigroup lowered their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and an average target price of $12.75.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock opened at $8.29 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. Cushman & Wakefield plc has a one year low of $7.64 and a one year high of $16.11. The firm has a market capitalization of $1.90 billion, a P/E ratio of 15.08 and a beta of 1.26. The business has a fifty day moving average price of $10.55 and a 200-day moving average price of $12.57.

Cushman & Wakefield (NYSE:CWK) last issued its 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. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. As a group, equities research analysts forecast that Cushman & Wakefield plc will post 1.2 EPS for the current year.

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.