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

Victory Capital Management Inc. reduced its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,203,819 shares of the company’s stock after selling 191,208 shares during the period. Victory Capital Management Inc. owned 4.45% of Cushman & Wakefield worth $139,078,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised 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 buying an additional 1,910,212 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Cushman & Wakefield in the 2nd quarter valued at about $13,998,000. Marshall Wace LLP lifted its stake in Cushman & Wakefield by 98.7% in the 2nd quarter. Marshall Wace LLP now owns 2,252,780 shares of the company’s stock worth $23,429,000 after purchasing an additional 1,119,141 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cushman & Wakefield by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after purchasing an additional 1,110,076 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Cushman & Wakefield by 12.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock worth $64,571,000 after purchasing an additional 697,890 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $14.64 on Wednesday. The company has a market capitalization of $3.36 billion, a P/E ratio of 39.57 and a beta of 1.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76. Cushman & Wakefield plc has a 52 week low of $7.28 and a 52 week high of $16.11. The stock’s fifty day moving average is $13.32 and its two-hundred day moving average is $12.12.

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

Analyst Ratings Changes

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

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.