Cushman & Wakefield PLC $CWK Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 52.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,064 shares of the company’s stock after selling 50,430 shares during the quarter. SG Americas Securities LLC’s holdings in Cushman & Wakefield were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Evolve Private Wealth LLC bought a new position in Cushman & Wakefield during the first quarter valued at approximately $485,000. Mercer Global Advisors Inc. ADV lifted its stake in Cushman & Wakefield by 22.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,106 shares of the company’s stock valued at $406,000 after acquiring an additional 4,539 shares during the last quarter. Summit Global Investments bought a new stake in Cushman & Wakefield in the fourth quarter worth approximately $1,213,000. Caitlin John LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth $195,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth $466,000. Institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $13.82 on Wednesday. The firm has a market capitalization of $3.24 billion, a PE ratio of 43.19 and a beta of 1.44. Cushman & Wakefield PLC has a 1 year low of $10.94 and a 1 year high of $17.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.34. The firm’s fifty day simple moving average is $13.33 and its 200 day simple moving average is $14.06.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company 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%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Cushman & Wakefield PLC will post 1.45 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays reduced their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Weiss Ratings upgraded Cushman & Wakefield from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, June 26th. Wall Street Zen cut Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, The Goldman Sachs Group set a $17.00 price target on Cushman & Wakefield and gave the stock a “buy” rating in a research note on Friday, May 22nd. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Cushman & Wakefield currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Cushman & Wakefield 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.