Russell Investments Group Ltd. Sells 918 Shares of Cushman & Wakefield PLC (NYSE:CWK)

Russell Investments Group Ltd. cut its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 14.3% during the third quarter, Holdings Channel reports. The fund owned 5,482 shares of the company’s stock after selling 918 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cushman & Wakefield were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in Cushman & Wakefield by 27.6% during the 2nd quarter. Royal Bank of Canada now owns 2,900 shares of the company’s stock valued at $52,000 after purchasing an additional 627 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cushman & Wakefield by 39.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,449 shares of the company’s stock valued at $80,000 after purchasing an additional 1,264 shares during the last quarter. Point72 Hong Kong Ltd raised its position in shares of Cushman & Wakefield by 398.7% in the second quarter. Point72 Hong Kong Ltd now owns 10,837 shares of the company’s stock valued at $194,000 after purchasing an additional 8,664 shares during the period. Public Employees Retirement Association of Colorado bought a new position in shares of Cushman & Wakefield in the second quarter valued at about $256,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Cushman & Wakefield during the 3rd quarter worth about $367,000. 68.24% of the stock is currently owned by institutional investors and hedge funds.

In other Cushman & Wakefield news, CEO W Brett White sold 84,606 shares of Cushman & Wakefield stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $18.18, for a total value of $1,538,137.08. Following the completion of the sale, the chief executive officer now owns 936,913 shares in the company, valued at approximately $17,033,078.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Duncan Palmer sold 3,599 shares of Cushman & Wakefield stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $18.82, for a total transaction of $67,733.18. In the last three months, insiders sold 4,450,986 shares of company stock valued at $80,910,369. 0.85% of the stock is currently owned by company insiders.

Several analysts recently commented on CWK shares. Barclays set a $23.00 target price on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Tuesday, October 8th. Zacks Investment Research cut shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 12th. Bank of America started coverage on shares of Cushman & Wakefield in a research report on Friday, October 18th. They set a “neutral” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, ValuEngine cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus target price of $21.50.

CWK opened at $18.93 on Friday. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day simple moving average of $18.87 and a 200 day simple moving average of $18.17. Cushman & Wakefield PLC has a 1 year low of $13.25 and a 1 year high of $20.62. The company has a market capitalization of $4.16 billion, a PE ratio of -17.37, a price-to-earnings-growth ratio of 4.17 and a beta of 1.98.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.08). Cushman & Wakefield had a negative return on equity of 1.60% and a negative net margin of 0.24%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Cushman & Wakefield PLC will post 0.47 earnings per share for the current fiscal year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

Further Reading: Overbought

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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