Ritholtz Wealth Management cut its holdings in Cushman & Wakefield PLC (NYSE:CWK – Free Report) by 26.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 140,175 shares of the company’s stock after selling 51,367 shares during the quarter. Ritholtz Wealth Management’s holdings in Cushman & Wakefield were worth $1,719,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in Cushman & Wakefield by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,572 shares of the company’s stock valued at $204,000 after acquiring an additional 865 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Cushman & Wakefield by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,029 shares of the company’s stock valued at $859,000 after purchasing an additional 900 shares in the last quarter. First Horizon Corp lifted its holdings in shares of Cushman & Wakefield by 52.0% in the fourth quarter. First Horizon Corp now owns 3,040 shares of the company’s stock valued at $49,000 after purchasing an additional 1,040 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Cushman & Wakefield by 9.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,477 shares of the company’s stock valued at $202,000 after purchasing an additional 1,061 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Cushman & Wakefield by 6.6% in the second quarter. First Trust Advisors LP now owns 17,567 shares of the company’s stock valued at $194,000 after purchasing an additional 1,091 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $13.25, for a total value of $328,971.00. Following the completion of the transaction, the insider directly owned 70,876 shares in the company, valued at approximately $939,107. The trade was a 25.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.74% of the company’s stock.
Cushman & Wakefield Price Performance
Cushman & Wakefield (NYSE:CWK – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on CWK. Weiss Ratings upgraded Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays dropped their price target on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Finally, Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.
View Our Latest Stock Analysis on CWK
Cushman & Wakefield Profile
Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.
The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.
Read More
- Five stocks we like better than Cushman & Wakefield
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Want to see what other hedge funds are holding CWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cushman & Wakefield PLC (NYSE:CWK – Free Report).
Receive News & Ratings for Cushman & Wakefield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cushman & Wakefield and related companies with MarketBeat.com's FREE daily email newsletter.
