Cushman & Wakefield PLC (NYSE:CWK) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 6,411,300 shares, a drop of 13.2% from the May 30th total of 7,382,800 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 6.2 days.
A number of analysts recently commented on CWK shares. Compass Point started coverage on Jones Lang LaSalle in a research report on Wednesday. They set a “buy” rating and a $180.00 price objective for the company. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cushman & Wakefield presently has a consensus rating of “Buy” and a consensus target price of $20.11.
Cushman & Wakefield stock traded up $0.27 during midday trading on Friday, reaching $18.36. 269,911 shares of the company were exchanged, compared to its average volume of 963,172. The firm has a market capitalization of $3.98 billion and a P/E ratio of -16.84. The company’s 50-day moving average is $17.79. Cushman & Wakefield has a 1 year low of $13.25 and a 1 year high of $19.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.35.
Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Cushman & Wakefield had a positive return on equity of 10.36% and a negative net margin of 1.43%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Cushman & Wakefield will post 0.71 earnings per share for the current fiscal year.
In other news, insider W Brett White sold 44,675 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $18.00, for a total value of $804,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd raised its position in shares of Cushman & Wakefield by 22.0% in the 2nd quarter. WINTON GROUP Ltd now owns 16,117 shares of the company’s stock valued at $288,000 after purchasing an additional 2,906 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Cushman & Wakefield by 0.6% in the 1st quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock valued at $3,231,000 after acquiring an additional 1,129 shares during the last quarter. FMR LLC increased its holdings in shares of Cushman & Wakefield by 21.8% in the 1st quarter. FMR LLC now owns 9,569,175 shares of the company’s stock valued at $170,332,000 after acquiring an additional 1,712,878 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at approximately $1,012,000. Finally, Marshall Wace LLP bought a new stake in shares of Cushman & Wakefield in the 1st quarter valued at approximately $12,941,000. Institutional investors own 41.50% of the company’s stock.
About Cushman & Wakefield
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
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