Cushman & Wakefield plc (NYSE:CWK) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in Cushman & Wakefield plc (NYSE:CWK) by 23.5% during the third quarter, Holdings Channel reports. The firm owned 6,102,399 shares of the company’s stock after selling 1,870,229 shares during the period. Thrivent Financial for Lutherans’ holdings in Cushman & Wakefield were worth $83,176,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Swiss National Bank raised its position in Cushman & Wakefield by 14.6% during the 1st quarter. Swiss National Bank now owns 359,000 shares of the company’s stock worth $3,755,000 after buying an additional 45,700 shares during the last quarter. Sei Investments Co. increased its stake in shares of Cushman & Wakefield by 52.8% in the first quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock worth $6,889,000 after acquiring an additional 227,519 shares during the period. Algert Global LLC lifted its position in Cushman & Wakefield by 821.0% during the second quarter. Algert Global LLC now owns 698,944 shares of the company’s stock valued at $7,269,000 after purchasing an additional 623,054 shares during the period. American Century Companies Inc. boosted its holdings in Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock valued at $3,401,000 after purchasing an additional 43,941 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in Cushman & Wakefield by 8.9% in the second quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock valued at $12,031,000 after purchasing an additional 94,502 shares during the last quarter. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Price Performance

NYSE:CWK opened at $13.84 on Monday. 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 $8.09 and a 52 week high of $16.11. The stock’s 50-day moving average price is $13.41 and its 200-day moving average price is $12.19. The stock has a market capitalization of $3.18 billion, a PE ratio of 37.41 and a beta of 1.30.

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

Wall Street Analyst Weigh In

CWK has been the subject of a number of recent research reports. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cushman & Wakefield has a consensus rating of “Hold” and an average target price of $12.80.

Cushman & Wakefield 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.