WCM Investment Management LLC Cuts Stock Holdings in Cushman & Wakefield PLC $CWK

WCM Investment Management LLC lowered its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 45.3% in the 1st quarter, HoldingsChannel reports. The firm owned 799,832 shares of the company’s stock after selling 661,216 shares during the quarter. WCM Investment Management LLC’s holdings in Cushman & Wakefield were worth $9,526,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CWK. Royal Bank of Canada boosted its stake in shares of Cushman & Wakefield by 39.6% during the first quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after purchasing an additional 27,940 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after acquiring an additional 5,929 shares in the last quarter. United Services Automobile Association bought a new position in shares of Cushman & Wakefield in the 1st quarter worth $139,000. Jane Street Group LLC lifted its stake in shares of Cushman & Wakefield by 1,821.3% during the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after purchasing an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of Cushman & Wakefield during the 1st quarter worth $218,000. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CWK. The Goldman Sachs Group set a $17.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 24,828 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the transaction, the insider owned 70,876 shares in the company, valued at $939,107. This represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.74% of the company’s stock.

Cushman & Wakefield Stock Down 4.5%

Cushman & Wakefield stock opened at $13.05 on Tuesday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 40.78 and a beta of 1.44. Cushman & Wakefield PLC has a 1-year low of $11.32 and a 1-year high of $17.40. The business has a fifty day moving average price of $13.20 and a 200-day moving average price of $13.87.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a return on equity of 15.41% and a net margin of 0.70%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $0.09 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Cushman & Wakefield PLC will post 1.45 EPS for the current fiscal 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.