Brown Advisory Inc. Reduces Stock Position in Cushman & Wakefield PLC $CWK

Brown Advisory Inc. lessened its stake in Cushman & Wakefield PLC (NYSE:CWK) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,452,267 shares of the company’s stock after selling 355,691 shares during the period. Brown Advisory Inc.’s holdings in Cushman & Wakefield were worth $72,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in Cushman & Wakefield by 184.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,032 shares of the company’s stock valued at $33,000 after acquiring an additional 1,318 shares in the last quarter. Quarry LP boosted its stake in shares of Cushman & Wakefield by 4,473.5% during the third quarter. Quarry LP now owns 2,241 shares of the company’s stock worth $36,000 after buying an additional 2,192 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after buying an additional 1,321 shares during the period. Covestor Ltd boosted its stake in shares of Cushman & Wakefield by 4,217.7% during the fourth quarter. Covestor Ltd now owns 2,677 shares of the company’s stock worth $43,000 after buying an additional 2,615 shares during the period. Finally, Community Bank N.A. acquired a new stake in shares of Cushman & Wakefield during the third quarter worth about $45,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Up 0.0%

CWK stock opened at $13.50 on Monday. The stock has a market capitalization of $3.16 billion, a P/E ratio of 42.19 and a beta of 1.45. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. Cushman & Wakefield PLC has a one year low of $10.14 and a one year high of $17.40. The company has a 50 day moving average price of $13.44 and a two-hundred day moving average price of $14.36.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. Cushman & Wakefield’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS. As a group, sell-side analysts expect that Cushman & Wakefield PLC will post 1.44 EPS for the current year.

Analyst Ratings Changes

CWK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays dropped their target price on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. The Goldman Sachs Group set a $17.00 price objective on shares of Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings cut shares of Cushman & Wakefield from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 4th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.00.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 24,828 shares of Cushman & Wakefield stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total value of $328,971.00. Following the transaction, the insider owned 70,876 shares in the company, valued at $939,107. This trade represents a 25.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.74% of the stock is currently owned by company insiders.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.