Chartwell Investment Partners LLC Sells 97,432 Shares of Cushman & Wakefield plc (NYSE:CWK)

Chartwell Investment Partners LLC trimmed its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 9.1% during the third quarter, HoldingsChannel reports. The fund owned 973,313 shares of the company’s stock after selling 97,432 shares during the period. Chartwell Investment Partners LLC’s holdings in Cushman & Wakefield were worth $13,267,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWK. Blue Trust Inc. grew its holdings in shares of Cushman & Wakefield by 137.5% during the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock worth $48,000 after buying an additional 2,027 shares in the last quarter. CWM LLC boosted its position in Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after acquiring an additional 1,629 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of Cushman & Wakefield in the second quarter valued at approximately $105,000. Finally, nVerses Capital LLC bought a new stake in shares of Cushman & Wakefield in the second quarter worth $116,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Cushman & Wakefield Price Performance

Shares of CWK opened at $14.92 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.21 and a debt-to-equity ratio of 1.76. The company’s fifty day simple moving average is $13.24 and its 200 day simple moving average is $12.04. Cushman & Wakefield plc has a 1-year low of $7.28 and a 1-year high of $16.11. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 40.32 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $0.21 EPS. Cushman & Wakefield’s revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Cushman & Wakefield plc will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Cushman & Wakefield

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.