Cushman & Wakefield PLC $CWK Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC cut its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 37.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,483 shares of the company’s stock after selling 86,451 shares during the period. Oliver Luxxe Assets LLC owned 0.06% of Cushman & Wakefield worth $1,921,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Cushman & Wakefield by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 13,248,848 shares of the company’s stock worth $162,424,000 after acquiring an additional 397,892 shares in the last quarter. State Street Corp boosted its position in Cushman & Wakefield by 2.2% during the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after purchasing an additional 197,430 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cushman & Wakefield by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock valued at $105,549,000 after buying an additional 1,233,055 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cushman & Wakefield by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 5,985,475 shares of the company’s stock worth $96,918,000 after buying an additional 29,832 shares during the period. Finally, Channing Capital Management LLC lifted its position in shares of Cushman & Wakefield by 46.0% during the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after buying an additional 1,609,190 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Insider Activity

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the sale, the insider directly owned 70,876 shares in the company, valued at $939,107. This represents a 25.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by company insiders.

Cushman & Wakefield Trading Up 1.0%

Shares of CWK opened at $13.79 on Friday. Cushman & Wakefield PLC has a 52-week low of $11.56 and a 52-week high of $17.40. The stock has a market cap of $3.23 billion, a PE ratio of 47.56 and a beta of 1.43. The firm’s fifty day moving average is $13.36 and its two-hundred day moving average is $13.58. The company has a quick ratio of 1.13, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $2.76 billion for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. Research analysts forecast that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Cushman & Wakefield Profile

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.