WCM Investment Management LLC Lowers Holdings in Cushman & Wakefield plc (NYSE:CWK)

WCM Investment Management LLC reduced its stake in shares of Cushman & Wakefield plc (NYSE:CWK) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,437,558 shares of the company’s stock after selling 96,547 shares during the quarter. WCM Investment Management LLC owned 1.06% of Cushman & Wakefield worth $31,737,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Cushman & Wakefield by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,696,370 shares of the company’s stock valued at $77,656,000 after purchasing an additional 395,652 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Cushman & Wakefield during the third quarter valued at $4,942,000. State Street Corp raised its position in shares of Cushman & Wakefield by 9.8% in the third quarter. State Street Corp now owns 8,463,595 shares of the company’s stock worth $115,359,000 after acquiring an additional 756,966 shares during the period. Walleye Capital LLC purchased a new stake in shares of Cushman & Wakefield during the 3rd quarter worth about $150,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Cushman & Wakefield by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,975,566 shares of the company’s stock worth $54,187,000 after acquiring an additional 301,186 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group initiated coverage on Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Cushman & Wakefield has an average rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Trading Down 1.8 %

Shares of CWK opened at $13.06 on Friday. Cushman & Wakefield plc has a 52-week low of $9.24 and a 52-week high of $16.11. The stock has a market cap of $3.00 billion, a PE ratio of 35.30 and a beta of 1.34. The firm’s fifty day moving average is $13.58 and its two-hundred day moving average is $13.41. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.76.

About Cushman & Wakefield

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.