Horizon Investments LLC Has $73,000 Position in Cushman & Wakefield PLC $CWK

Horizon Investments LLC lessened its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 94.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,532 shares of the company’s stock after selling 83,595 shares during the period. Horizon Investments LLC’s holdings in Cushman & Wakefield were worth $73,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 1,321 shares in the last quarter. First Horizon Corp bought a new stake in shares of Cushman & Wakefield during the third quarter worth $32,000. Quarry LP raised its holdings in shares of Cushman & Wakefield by 4,473.5% during the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after acquiring an additional 2,192 shares during the period. Community Bank N.A. acquired a new stake in shares of Cushman & Wakefield during the third quarter worth $45,000. Finally, Osaic Holdings Inc. lifted its position in Cushman & Wakefield by 85.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after acquiring an additional 2,012 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays decreased their price objective on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a research report on Friday, January 16th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $14.85. The company has a market cap of $3.22 billion, a P/E ratio of 42.95 and a beta of 1.50. Cushman & Wakefield PLC has a 52-week low of $9.43 and a 52-week high of $17.40.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.46 EPS for the current fiscal year.

Cushman & Wakefield Company 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.