155,143 Shares in Cushman & Wakefield plc (NYSE:CWK) Acquired by Renaissance Group LLC

Renaissance Group LLC purchased a new stake in Cushman & Wakefield plc (NYSE:CWK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 155,143 shares of the company’s stock, valued at approximately $2,029,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd boosted its position in shares of Cushman & Wakefield by 4.8% in the third quarter. XTX Topco Ltd now owns 19,849 shares of the company’s stock valued at $271,000 after acquiring an additional 903 shares during the period. Blue Trust Inc. raised its stake in Cushman & Wakefield by 26.5% in the 4th quarter. Blue Trust Inc. now owns 4,429 shares of the company’s stock worth $60,000 after purchasing an additional 928 shares in the last quarter. Xponance Inc. boosted its holdings in Cushman & Wakefield by 9.4% in the 4th quarter. Xponance Inc. now owns 16,484 shares of the company’s stock valued at $216,000 after purchasing an additional 1,423 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Cushman & Wakefield by 1.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,910 shares of the company’s stock worth $1,974,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Cushman & Wakefield by 0.3% during the fourth quarter. Rhumbline Advisers now owns 714,630 shares of the company’s stock worth $9,347,000 after purchasing an additional 1,958 shares during the period. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWK has been the subject of several recent research reports. The Goldman Sachs Group cut their price target on Cushman & Wakefield from $13.00 to $11.50 and set a “sell” rating for the company in a research note on Wednesday, March 19th. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. Citigroup reduced their target price on Cushman & Wakefield from $16.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. boosted their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.10.

Cushman & Wakefield Trading Down 7.1 %

Shares of CWK stock opened at $8.08 on Wednesday. Cushman & Wakefield plc has a fifty-two week low of $7.94 and a fifty-two week high of $16.11. The stock’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $12.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.15. The company has a market cap of $1.86 billion, a PE ratio of 14.68 and a beta of 1.26.

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

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.