Quantbot Technologies LP Lowers Holdings in Cushman & Wakefield plc (NYSE:CWK)

Quantbot Technologies LP trimmed its holdings in Cushman & Wakefield plc (NYSE:CWK) by 60.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,102 shares of the company’s stock after selling 18,599 shares during the quarter. Quantbot Technologies LP’s holdings in Cushman & Wakefield were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CWK. Smartleaf Asset Management LLC boosted its position in shares of Cushman & Wakefield by 264.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock worth $48,000 after acquiring an additional 2,691 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Cushman & Wakefield by 26.5% during the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock valued at $60,000 after purchasing an additional 928 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Cushman & Wakefield during the fourth quarter valued at about $135,000. Jones Financial Companies Lllp increased its holdings in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock worth $146,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Cushman & Wakefield in the third quarter worth about $150,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CWK shares. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. The Goldman Sachs Group reduced their price target on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating on the stock in a research report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Citigroup reduced their target price on shares of Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.10.

Cushman & Wakefield Stock Down 2.6 %

Shares of CWK opened at $10.20 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. The business has a fifty day moving average of $12.16 and a 200 day moving average of $13.13. The company has a market cap of $2.34 billion, a PE ratio of 18.54 and a beta of 1.40. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Cushman & Wakefield had a net margin of 1.39% and a return on equity of 12.62%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts expect that Cushman & Wakefield plc will post 1.2 EPS for the current year.

Cushman & Wakefield 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.