Short Interest in Cushman & Wakefield plc (NYSE:CWK) Decreases By 7.4%

Cushman & Wakefield plc (NYSE:CWK) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,850,000 shares, a decrease of 7.4% from the December 15th total of 14,950,000 shares. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 7.8 days.

Institutional Investors Weigh In On Cushman & Wakefield

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its stake in Cushman & Wakefield by 137.5% in the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after purchasing an additional 2,027 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock valued at $71,000 after purchasing an additional 1,629 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of Cushman & Wakefield during the second quarter worth about $105,000. KBC Group NV grew its holdings in shares of Cushman & Wakefield by 31.7% during the third quarter. KBC Group NV now owns 7,961 shares of the company’s stock worth $109,000 after buying an additional 1,915 shares in the last quarter. Finally, CWM LLC raised its position in Cushman & Wakefield by 67.6% in the 3rd quarter. CWM LLC now owns 9,167 shares of the company’s stock valued at $125,000 after buying an additional 3,699 shares during the last quarter. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 1.7 %

Shares of Cushman & Wakefield stock traded up $0.23 during trading hours on Monday, hitting $13.37. The company’s stock had a trading volume of 932,439 shares, compared to its average volume of 1,284,988. The company has a market capitalization of $3.07 billion, a PE ratio of 36.12 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. The stock has a 50 day moving average of $13.91 and a 200 day moving average of $13.25. Cushman & Wakefield has a 12 month low of $9.24 and a 12 month high of $16.11.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. Cushman & Wakefield’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. Analysts predict that Cushman & Wakefield will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a 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 research note on Thursday, January 2nd. Finally, The Goldman Sachs Group started 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 on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.50.

Cushman & Wakefield Company 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.