D. E. Shaw & Co. Inc. Trims Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

D. E. Shaw & Co. Inc. cut its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 409,601 shares of the company’s stock after selling 360,394 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.18% of Cushman & Wakefield worth $5,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in shares of 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 buying an additional 2,691 shares during the last quarter. Blue Trust Inc. increased its position in shares of Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Cushman & Wakefield by 820.3% in the 4th quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock valued at $94,000 after purchasing an additional 6,431 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Cushman & Wakefield during the fourth quarter worth about $135,000. Finally, Jones Financial Companies Lllp grew its stake in Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after purchasing an additional 6,600 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Cushman & Wakefield from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. UBS Group lowered 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 note on Friday, April 11th. Citigroup decreased their price target on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.93.

Cushman & Wakefield Stock Performance

CWK stock opened at $10.57 on Friday. The company has a 50-day simple moving average of $9.60 and a 200 day simple moving average of $12.13. The company has a market capitalization of $2.44 billion, a P/E ratio of 19.21 and a beta of 1.37. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a fifty-two week low of $7.64 and a fifty-two week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current fiscal year.

Cushman & Wakefield Profile

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.