Short Interest in Cushman & Wakefield plc (NYSE:CWK) Decreases By 7.4%

Cushman & Wakefield plc (NYSE:CWK) was the recipient of a large decrease in short interest in 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 trading volume of 1,780,000 shares, the short-interest ratio is currently 7.8 days.

Analyst Upgrades and Downgrades

CWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group downgraded shares of 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. Finally, The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They set a “sell” rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock traded up $0.23 during trading on Monday, reaching $13.37. The company’s stock had a trading volume of 932,439 shares, compared to its average volume of 1,284,988. Cushman & Wakefield has a one year low of $9.24 and a one year high of $16.11. The stock has a 50-day moving average price of $13.91 and a two-hundred day moving average price of $13.25. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $3.07 billion, a P/E ratio of 36.12 and a beta of 1.34.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd raised its position in shares of Cushman & Wakefield by 4.8% during the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock worth $271,000 after acquiring an additional 903 shares during the last quarter. Empowered Funds LLC increased its position in Cushman & Wakefield by 11.7% in the third quarter. Empowered Funds LLC now owns 11,230 shares of the company’s stock worth $153,000 after purchasing an additional 1,180 shares during the period. CIBC Asset Management Inc raised its holdings in Cushman & Wakefield by 10.5% during the 3rd quarter. CIBC Asset Management Inc now owns 15,013 shares of the company’s stock worth $205,000 after purchasing an additional 1,421 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Cushman & Wakefield by 6.5% during the 3rd 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. Finally, GAMMA Investing LLC boosted its stake in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after purchasing an additional 1,629 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

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.