Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWK) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 10,890,000 shares, a drop of 17.9% from the February 28th total of 13,260,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 6.2 days. Currently, 4.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Citigroup dropped their price target on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, The Goldman Sachs Group cut their target price 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. One research 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’s stock. According to MarketBeat.com, Cushman & Wakefield presently has an average rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Trading Up 2.0 %

NYSE CWK traded up $0.20 on Wednesday, hitting $10.36. 1,677,436 shares of the stock were exchanged, compared to its average volume of 2,024,993. The company’s 50-day moving average price is $12.03 and its two-hundred day moving average price is $13.09. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 18.84 and a beta of 1.40. Cushman & Wakefield has a 52-week low of $9.24 and a 52-week high of $16.11. 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 (NYSE:CWK) last posted 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. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts predict that Cushman & Wakefield will post 1.2 EPS for the current year.

Institutional Trading of Cushman & Wakefield

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Cushman & Wakefield by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,700,599 shares of the company’s stock valued at $179,204,000 after buying an additional 806,684 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Cushman & Wakefield by 9.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 12,474,380 shares of the company’s stock valued at $163,164,000 after purchasing an additional 1,094,260 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Cushman & Wakefield by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,586,407 shares of the company’s stock valued at $151,551,000 after purchasing an additional 736,955 shares during the last quarter. State Street Corp grew 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. Finally, Geode Capital Management LLC increased its position in Cushman & Wakefield by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after purchasing an additional 395,652 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.