Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWKGet Free Report) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 13,850,000 shares, a decrease of 7.4% from the December 15th total of 14,950,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the days-to-cover ratio is currently 7.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. boosted its stake in Cushman & Wakefield by 83.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after purchasing an additional 5,171,340 shares during the period. Dimensional Fund Advisors LP increased its position in Cushman & Wakefield by 23.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after acquiring an additional 1,910,212 shares during the period. State Street Corp raised its stake in Cushman & Wakefield by 9.8% during the 3rd quarter. State Street Corp now owns 8,463,595 shares of the company’s stock valued at $115,359,000 after acquiring an additional 756,966 shares in the last quarter. Geode Capital Management LLC boosted its position in Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock worth $77,656,000 after acquiring an additional 395,652 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Cushman & Wakefield by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after purchasing an additional 301,186 shares during the period. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded up $0.23 during trading hours on Friday, reaching $13.37. The company’s stock had a trading volume of 932,439 shares, compared to its average volume of 1,284,988. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. Cushman & Wakefield has a one year low of $9.24 and a one year high of $16.11. The company’s 50 day simple moving average is $13.91 and its 200 day simple moving average is $13.23. The stock has a market cap of $3.07 billion, a P/E ratio of 36.12 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWKGet Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. Cushman & Wakefield’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, analysts expect that Cushman & Wakefield will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CWK has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield presently has an average rating of “Hold” and an average price target of $15.50.

Get Our Latest Analysis on CWK

About Cushman & Wakefield

(Get Free Report)

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.

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