Cushman & Wakefield plc (NYSE:CWK) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,437,558 shares of the company’s stock after selling 96,547 shares during the quarter. WCM Investment Management LLC’s holdings in Cushman & Wakefield were worth $31,737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Cushman & Wakefield by 43.1% during the second quarter. The Manufacturers Life Insurance Company now owns 81,974 shares of the company’s stock valued at $853,000 after acquiring an additional 24,697 shares during the last quarter. Truist Financial Corp acquired a new stake in Cushman & Wakefield in the 2nd quarter valued at approximately $221,000. Handelsbanken Fonder AB raised its position in Cushman & Wakefield by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock valued at $334,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC lifted its stake in Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after purchasing an additional 1,629 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after buying an additional 3,699 shares in the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CWK has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Jefferies Financial Group lowered shares of 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. Finally, The Goldman Sachs Group initiated 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Stock Down 1.8 %

Shares of Cushman & Wakefield stock opened at $13.06 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The company has a market capitalization of $3.00 billion, a P/E ratio of 35.30 and a beta of 1.34. The company has a 50 day moving average of $13.58 and a 200 day moving average of $13.41.

Cushman & Wakefield Company Profile

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.