UBS Group AG Sells 129,382 Shares of Cushman & Wakefield PLC $CWK

UBS Group AG lowered its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,140 shares of the company’s stock after selling 129,382 shares during the quarter. UBS Group AG’s holdings in Cushman & Wakefield were worth $4,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Cushman & Wakefield by 126.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock worth $26,000 after acquiring an additional 1,321 shares during the period. Quarry LP increased its holdings in Cushman & Wakefield by 4,473.5% in the 3rd quarter. Quarry LP now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 2,192 shares during the period. Community Bank N.A. bought a new stake in Cushman & Wakefield in the 3rd quarter valued at $45,000. Osaic Holdings Inc. increased its holdings in Cushman & Wakefield by 85.9% in the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after buying an additional 2,012 shares during the period. Finally, First Horizon Corp increased its holdings in Cushman & Wakefield by 52.0% in the 4th quarter. First Horizon Corp now owns 3,040 shares of the company’s stock valued at $49,000 after buying an additional 1,040 shares during the period. Institutional investors own 95.56% of the company’s stock.

Insider Activity at Cushman & Wakefield

In other news, insider Nathaniel Robinson sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $13.52, for a total value of $135,200.00. Following the sale, the insider owned 95,704 shares in the company, valued at approximately $1,293,918.08. The trade was a 9.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.

Cushman & Wakefield Stock Down 0.5%

Shares of NYSE:CWK opened at $12.79 on Friday. Cushman & Wakefield PLC has a 52 week low of $9.43 and a 52 week high of $17.40. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.13 and a current ratio of 1.13. The company’s fifty day moving average is $13.14 and its 200-day moving average is $14.64. The company has a market capitalization of $3.00 billion, a PE ratio of 39.97 and a beta of 1.50.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CWK. The Goldman Sachs Group set a $17.00 price target on shares of Cushman & Wakefield and gave the company a “buy” rating in a report on Friday. Barclays lowered their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a report on Monday, February 9th. Finally, Wall Street Zen lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

Cushman & Wakefield Company 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.