SG Americas Securities LLC Decreases Holdings in Cushman & Wakefield plc (NYSE:CWK)

SG Americas Securities LLC decreased its position in Cushman & Wakefield plc (NYSE:CWK) by 81.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,041 shares of the company’s stock after selling 45,294 shares during the quarter. SG Americas Securities LLC’s holdings in Cushman & Wakefield were worth $137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in shares of Cushman & Wakefield by 61.4% during the second quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares in the last quarter. Profund Advisors LLC purchased a new position in Cushman & Wakefield in the 2nd quarter worth $105,000. nVerses Capital LLC purchased a new position in Cushman & Wakefield in the 2nd quarter worth $116,000. Brightwater Advisory LLC bought a new stake in Cushman & Wakefield in the second quarter worth $130,000. Finally, Mackenzie Financial Corp boosted its position in Cushman & Wakefield by 38.4% during the second quarter. Mackenzie Financial Corp now owns 14,550 shares of the company’s stock valued at $151,000 after buying an additional 4,036 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $13.41 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.83. The company has a 50-day moving average price of $13.04 and a 200-day moving average price of $11.71. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 335.13 and a beta of 1.30. Cushman & Wakefield plc has a 12 month low of $6.50 and a 12 month high of $13.99.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $0.22 EPS. Cushman & Wakefield’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Cushman & Wakefield plc will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and a consensus price target of $12.80.

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.