Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWK) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 11,830,000 shares, an increase of 20.0% from the August 15th total of 9,860,000 shares. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is presently 6.1 days.

Cushman & Wakefield Stock Performance

Shares of Cushman & Wakefield stock traded down $0.07 on Tuesday, hitting $13.32. 2,212,262 shares of the company’s stock were exchanged, compared to its average volume of 2,200,042. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $13.78. The company has a 50-day simple moving average of $12.65 and a 200-day simple moving average of $11.10. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $3.05 billion, a PE ratio of 332.50 and a beta of 1.31.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, July 29th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. Cushman & Wakefield’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Cushman & Wakefield will post 0.87 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CWK. JPMorgan Chase & Co. lifted their target price on shares of 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 upped their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.42.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its stake in shares of Cushman & Wakefield by 580.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock worth $57,644,000 after purchasing an additional 4,701,460 shares in the last quarter. Victory Capital Management Inc. increased its stake in Cushman & Wakefield by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after buying an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Cushman & Wakefield by 23.1% during the second quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock valued at $105,802,000 after acquiring an additional 1,910,212 shares during the period. Norges Bank purchased a new position in shares of Cushman & Wakefield in the fourth quarter valued at about $18,742,000. Finally, Granite Investment Partners LLC bought a new position in shares of Cushman & Wakefield in the second quarter worth about $13,998,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

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.