Hotchkis & Wiley Capital Management LLC Lowers Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

Hotchkis & Wiley Capital Management LLC lowered its stake in Cushman & Wakefield plc (NYSE:CWK) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 964,580 shares of the company’s stock after selling 223,400 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in Cushman & Wakefield were worth $13,147,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CWK. Blue Trust Inc. grew its stake in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after acquiring an additional 2,027 shares during the last quarter. CWM LLC increased its stake in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock valued at $57,000 after purchasing an additional 2,080 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $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 in the second quarter worth approximately $105,000. Finally, KBC Group NV grew its holdings 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 Price Performance

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

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that Cushman & Wakefield plc will post 0.88 EPS for the current fiscal year.

Cushman & Wakefield Company Profile

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.