Sei Investments Co. Raises Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Sei Investments Co. lifted its holdings in shares of Cushman & Wakefield plc (NYSE:CWK) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 722,967 shares of the company’s stock after purchasing an additional 49,714 shares during the quarter. Sei Investments Co.’s holdings in Cushman & Wakefield were worth $9,456,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

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

Cushman & Wakefield Stock Down 2.6 %

Shares of NYSE:CWK opened at $10.20 on Monday. The firm has a 50 day simple moving average of $12.16 and a 200-day simple moving average of $13.13. Cushman & Wakefield plc has a twelve month low of $9.24 and a twelve month high of $16.11. The company has a current ratio of 1.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $2.34 billion, a PE ratio of 18.54 and a beta of 1.40.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.48 earnings per share for the quarter, beating 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, equities analysts predict that Cushman & Wakefield plc will post 1.2 EPS for the current fiscal year.

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.