Versor Investments LP Sells 24,600 Shares of Cushman & Wakefield plc (NYSE:CWK)

Versor Investments LP reduced its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 52.3% in the fourth quarter, Holdings Channel reports. 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 SEC filing.

Several other large investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its position in Cushman & Wakefield by 83.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after acquiring an additional 5,171,340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cushman & Wakefield by 737.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock valued at $27,023,000 after acquiring an additional 1,745,986 shares during the period. New York State Common Retirement Fund grew its stake in shares of Cushman & Wakefield by 579.8% in the fourth quarter. New York State Common Retirement Fund now owns 1,295,988 shares of the company’s stock worth $16,952,000 after acquiring an additional 1,105,355 shares during the period. Basswood Capital Management L.L.C. lifted its position in Cushman & Wakefield by 129.2% during the third quarter. Basswood Capital Management L.L.C. now owns 1,654,768 shares of the company’s stock valued at $22,554,000 after purchasing an additional 932,649 shares during the period. Finally, State Street Corp raised its stake in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after buying an additional 756,966 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price target on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a research note on Friday, February 21st. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Cushman & Wakefield Stock Down 2.9 %

CWK stock opened at $11.55 on Tuesday. The business’s 50-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 P/E ratio of 21.00 and a beta of 1.34. 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 twelve month low of $9.24 and a twelve month high of $16.11.

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

Cushman & Wakefield Company 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.