Cushman & Wakefield plc (NYSE:CWK) Sees Large Decline in Short Interest

Cushman & Wakefield plc (NYSE:CWK) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 13,850,000 shares, a decrease of 7.4% from the December 15th total of 14,950,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is currently 7.8 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D acquired a new position in shares of Cushman & Wakefield during the 2nd quarter worth about $1,796,000. American Century Companies Inc. grew its holdings in Cushman & Wakefield by 15.5% during the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock valued at $3,401,000 after purchasing an additional 43,941 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cushman & Wakefield by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after purchasing an additional 1,910,212 shares during the period. Amalgamated Bank increased its stake in Cushman & Wakefield by 18.1% in the second quarter. Amalgamated Bank now owns 61,192 shares of the company’s stock valued at $636,000 after purchasing an additional 9,399 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Cushman & Wakefield by 18.6% in the second quarter. Hsbc Holdings PLC now owns 21,807 shares of the company’s stock worth $228,000 after purchasing an additional 3,426 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Trading Up 1.7 %

NYSE:CWK traded up $0.23 on Friday, hitting $13.37. 932,439 shares of the stock were exchanged, compared to its average volume of 1,284,988. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week high of $16.11. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 36.12 and a beta of 1.34. The company’s 50-day moving average price is $13.91 and its 200 day moving average price is $13.25.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. Cushman & Wakefield’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Cushman & Wakefield will post 0.92 earnings per share 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.