Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lessened its holdings in Cushman & Wakefield plc (NYSE:CWK) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,099 shares of the company’s stock after selling 928 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Cushman & Wakefield were worth $211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oliver Luxxe Assets LLC increased 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 acquiring an additional 3,635 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Cushman & Wakefield by 53.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,298 shares of the company’s stock valued at $20,354,000 after buying an additional 518,500 shares during the period. Franklin Resources Inc. grew its holdings in Cushman & Wakefield by 87.1% during the third quarter. Franklin Resources Inc. now owns 319,718 shares of the company’s stock worth $3,993,000 after acquiring an additional 148,813 shares during the period. Geode Capital Management LLC lifted its holdings in Cushman & Wakefield by 7.5% in the third quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after acquiring an additional 395,652 shares during the period. Finally, Barclays PLC increased its holdings in shares of Cushman & Wakefield by 322.6% in the 3rd quarter. Barclays PLC now owns 394,327 shares of the company’s stock valued at $5,374,000 after purchasing an additional 301,017 shares in the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 1.7 %

Shares of NYSE CWK opened at $13.37 on Friday. Cushman & Wakefield plc has a one year low of $9.24 and a one year high of $16.11. 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 firm has a market capitalization of $3.07 billion, a PE ratio of 36.12 and a beta of 1.34. The business has a 50-day moving average price of $13.91 and a two-hundred day moving average price of $13.23.

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

Analysts Set New Price Targets

Several analysts have recently commented on CWK shares. JPMorgan Chase & Co. increased 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. Jefferies Financial Group cut Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered 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 for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.50.

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.