Victory Capital Management Inc. Cuts Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Victory Capital Management Inc. decreased its holdings in Cushman & Wakefield plc (NYSE:CWK) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,203,819 shares of the company’s stock after selling 191,208 shares during the quarter. Victory Capital Management Inc.’s holdings in Cushman & Wakefield were worth $139,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SummerHaven Investment Management LLC grew its stake in Cushman & Wakefield by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock worth $831,000 after purchasing an additional 1,395 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $334,000 after buying an additional 1,500 shares during the period. GAMMA Investing LLC increased its stake in shares of Cushman & Wakefield by 45.8% during the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after buying an additional 1,629 shares during the period. Blue Trust Inc. raised its holdings in Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. Finally, CWM LLC lifted its stake in Cushman & Wakefield by 61.4% in the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares during the last quarter. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Down 2.9 %

Shares of NYSE:CWK opened at $14.64 on Wednesday. The firm has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $12.12. Cushman & Wakefield plc has a twelve month low of $7.28 and a twelve month 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 company has a market capitalization of $3.36 billion, a PE ratio of 39.57 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. Cushman & Wakefield’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. On average, equities analysts predict that Cushman & Wakefield plc will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Raymond James raised their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus price target of $12.80.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.