Hosking Partners LLP Sells 32,383 Shares of Cushman & Wakefield plc (NYSE:CWK)

Hosking Partners LLP cut its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,434 shares of the company’s stock after selling 32,383 shares during the quarter. Hosking Partners LLP owned approximately 0.11% of Cushman & Wakefield worth $3,276,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in Cushman & Wakefield by 9.6% in 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 acquiring an additional 1,094,260 shares during the last quarter. State Street Corp boosted its stake in shares of Cushman & Wakefield by 9.8% in the 3rd 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 during the last quarter. Geode Capital Management LLC increased its position in shares of Cushman & Wakefield by 7.5% during the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after buying an additional 395,652 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Cushman & Wakefield by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock worth $54,187,000 after buying an additional 301,186 shares during the last quarter. Finally, WCM Investment Management LLC lifted its holdings in Cushman & Wakefield by 3.4% in the third quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock valued at $34,591,000 after buying an additional 84,002 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

CWK stock opened at $11.88 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.15 and a quick ratio of 1.18. The company’s 50-day moving average is $12.97 and its 200-day moving average is $13.41. The stock has a market capitalization of $2.73 billion, a PE ratio of 21.60 and a beta of 1.34. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on CWK shares. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their target price on Cushman & Wakefield from $14.50 to $13.00 and set a “sell” rating for the company in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.00.

Cushman & Wakefield 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.