Cushman & Wakefield plc (NYSE:CWK) Stake Reduced by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 180,446 shares of the company’s stock after selling 4,635 shares during the period. Moran Wealth Management LLC’s holdings in Cushman & Wakefield were worth $2,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in Cushman & Wakefield by 10.3% during the third quarter. Amalgamated Bank now owns 67,465 shares of the company’s stock worth $920,000 after buying an additional 6,273 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Cushman & Wakefield by 53.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company’s stock worth $20,354,000 after acquiring an additional 518,500 shares in the last quarter. Versor Investments LP acquired a new position in shares of Cushman & Wakefield in the 3rd quarter worth $641,000. KBC Group NV grew its holdings in shares of Cushman & Wakefield by 31.7% in the 3rd quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after acquiring an additional 1,915 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 0.5 %

Shares of Cushman & Wakefield stock opened at $11.16 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11. The stock has a 50-day moving average price of $12.67 and a 200 day moving average price of $13.33. The company has a market cap of $2.56 billion, a P/E ratio of 20.29 and a beta of 1.40.

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

Analyst Ratings Changes

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

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.