PDT Partners LLC Sells 356,564 Shares of Cushman & Wakefield plc (NYSE:CWK)

PDT Partners LLC lessened its position in Cushman & Wakefield plc (NYSE:CWK) by 94.9% during the third quarter, Holdings Channel reports. The fund owned 19,359 shares of the company’s stock after selling 356,564 shares during the period. PDT Partners LLC’s holdings in Cushman & Wakefield were worth $264,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares during the last quarter. CWM LLC increased its stake in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after acquiring an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after buying an additional 1,629 shares during the last quarter. Profund Advisors LLC bought a new position in shares of Cushman & Wakefield during the second quarter valued at about $105,000. Finally, KBC Group NV grew its stake in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock valued at $109,000 after buying an additional 1,915 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 0.1 %

Shares of NYSE:CWK opened at $15.19 on Wednesday. The stock’s 50-day moving average price is $13.79 and its 200-day moving average price is $12.56. Cushman & Wakefield plc has a 12-month low of $8.42 and a 12-month high of $16.11. The stock has a market capitalization of $3.49 billion, a P/E ratio of 41.05 and a beta of 1.32. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Cushman & Wakefield plc will post 0.88 earnings per share for the current year.

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.