Choreo LLC Sells 1,789 Shares of Cushman & Wakefield plc (NYSE:CWK)

Choreo LLC lessened its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,748 shares of the company’s stock after selling 1,789 shares during the quarter. Choreo LLC’s holdings in Cushman & Wakefield were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Calamos Advisors LLC raised its stake in Cushman & Wakefield by 533.0% during the 4th quarter. Calamos Advisors LLC now owns 281,985 shares of the company’s stock worth $3,688,000 after buying an additional 237,441 shares during the period. KBC Group NV increased its holdings in shares of Cushman & Wakefield by 2,516.4% during the fourth quarter. KBC Group NV now owns 208,289 shares of the company’s stock valued at $2,724,000 after acquiring an additional 200,328 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares in the last quarter. Merit Financial Group LLC grew its position in Cushman & Wakefield by 20.4% in the 4th quarter. Merit Financial Group LLC now owns 18,054 shares of the company’s stock valued at $236,000 after purchasing an additional 3,054 shares during the period. Finally, Oliver Luxxe Assets LLC grew its position in Cushman & Wakefield by 3.3% in the 4th quarter. Oliver Luxxe Assets LLC now owns 113,531 shares of the company’s stock valued at $1,485,000 after purchasing an additional 3,635 shares during the period. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE CWK opened at $13.08 on Wednesday. The company has a fifty day moving average price of $13.54 and a 200-day moving average price of $13.42. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 35.35 and a beta of 1.34. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield plc has a 1 year low of $9.24 and a 1 year high of $16.11.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CWK. 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 objective on the stock. JPMorgan Chase & Co. raised their price target 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, Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.50.

About Cushman & Wakefield

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.