Cushman & Wakefield plc (NYSE:CWK) Stock Holdings Lessened by HGI Capital Management LLC

HGI Capital Management LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,201 shares of the company’s stock after selling 14,057 shares during the quarter. Cushman & Wakefield makes up 4.9% of HGI Capital Management LLC’s investment portfolio, making the stock its 6th largest position. HGI Capital Management LLC owned 0.18% of Cushman & Wakefield worth $5,659,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Cushman & Wakefield by 83.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock valued at $155,110,000 after acquiring an additional 5,171,340 shares during the period. Victory Capital Management Inc. increased its position in shares of Cushman & Wakefield by 31.2% in the second quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock valued at $108,108,000 after acquiring an additional 2,469,831 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cushman & Wakefield by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after acquiring an additional 1,910,212 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Cushman & Wakefield by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock valued at $54,187,000 after acquiring an additional 301,186 shares during the period. Finally, WCM Investment Management LLC increased its position in shares of Cushman & Wakefield by 3.4% in the third quarter. WCM Investment Management LLC now owns 2,534,105 shares of the company’s stock valued at $34,591,000 after acquiring an additional 84,002 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

CWK stock opened at $15.48 on Friday. The firm’s 50-day moving average price is $13.69 and its two-hundred day moving average price is $12.46. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 41.84 and a beta of 1.30. Cushman & Wakefield plc has a 12-month low of $8.09 and a 12-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.

Cushman & Wakefield (NYSE:CWK) last issued its quarterly earnings data 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 company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts predict that Cushman & Wakefield plc will post 0.86 earnings per share for the current year.

Cushman & Wakefield Company Profile

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.