Marshall Wace LLP Has $18.96 Million Stock Position in Cushman & Wakefield plc (NYSE:CWK)

Marshall Wace LLP lessened its stake in Cushman & Wakefield plc (NYSE:CWK) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,449,585 shares of the company’s stock after selling 25,677 shares during the quarter. Marshall Wace LLP’s holdings in Cushman & Wakefield were worth $18,961,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Cushman & Wakefield by 264.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,709 shares of the company’s stock valued at $48,000 after acquiring an additional 2,691 shares during the period. Blue Trust Inc. grew its holdings in Cushman & Wakefield by 26.5% during the fourth quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares during the period. Sterling Capital Management LLC increased its position in Cushman & Wakefield by 820.3% during the fourth quarter. Sterling Capital Management LLC now owns 7,215 shares of the company’s stock worth $94,000 after buying an additional 6,431 shares during the last quarter. Ieq Capital LLC bought a new stake in Cushman & Wakefield in the fourth quarter valued at approximately $135,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Cushman & Wakefield by 143.9% in the fourth quarter. Jones Financial Companies Lllp now owns 11,188 shares of the company’s stock valued at $146,000 after buying an additional 6,600 shares during the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $8.29 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.15 and a debt-to-equity ratio of 1.67. Cushman & Wakefield plc has a 12-month low of $7.64 and a 12-month high of $16.11. The company’s 50 day moving average price is $10.55 and its two-hundred day moving average price is $12.57. The firm has a market cap of $1.90 billion, a PE ratio of 15.08 and a beta of 1.26.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.67 billion. Cushman & Wakefield had a return on equity of 12.62% and a net margin of 1.39%. Equities research analysts predict that Cushman & Wakefield plc will post 1.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a report on Thursday, January 2nd. UBS Group dropped their price objective on shares of Cushman & Wakefield from $14.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group reduced their target price on shares of Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their price target on shares of Cushman & Wakefield from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Finally, Citigroup reduced their price objective on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, March 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.75.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.