Victory Capital Management Inc. Lowers Holdings in Cushman & Wakefield PLC $CWK

Victory Capital Management Inc. trimmed its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,572,316 shares of the company’s stock after selling 201,865 shares during the period. Victory Capital Management Inc. owned about 1.97% of Cushman & Wakefield worth $72,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CWK. First Horizon Corp purchased a new position in Cushman & Wakefield in the third quarter valued at $32,000. EverSource Wealth Advisors LLC grew its holdings in Cushman & Wakefield by 126.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after purchasing an additional 1,321 shares during the period. Osaic Holdings Inc. raised its stake in shares of Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock worth $48,000 after buying an additional 2,012 shares during the period. CENTRAL TRUST Co acquired a new position in Cushman & Wakefield during the second quarter worth $50,000. Finally, GAMMA Investing LLC grew its position in shares of Cushman & Wakefield by 18.3% in the third quarter. GAMMA Investing LLC now owns 5,612 shares of the company’s stock valued at $89,000 after purchasing an additional 867 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWK has been the subject of several research reports. Wall Street Zen cut Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Citigroup upgraded Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, November 20th. Barclays restated a “positive” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Tuesday, January 13th. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective for the company in a research report on Monday, February 9th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.56.

Cushman & Wakefield Stock Down 1.4%

NYSE:CWK opened at $13.23 on Friday. Cushman & Wakefield PLC has a 52 week low of $7.64 and a 52 week high of $17.40. The stock’s fifty day moving average is $15.34 and its two-hundred day moving average is $15.69. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 34.82 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.34.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.