Cushman & Wakefield PLC (NYSE:CWK) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 8,279,500 shares, an increase of 14.7% from the June 30th total of 7,216,600 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average trading volume of 941,100 shares, the short-interest ratio is currently 8.8 days.
In other news, insider W Brett White sold 44,675 shares of Cushman & Wakefield stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $18.00, for a total value of $804,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.85% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its stake in Cushman & Wakefield by 0.6% during the 1st quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock valued at $3,231,000 after purchasing an additional 1,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cushman & Wakefield by 39.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,449 shares of the company’s stock valued at $80,000 after purchasing an additional 1,264 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Cushman & Wakefield by 22.0% during 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 during the last quarter. Rhumbline Advisers boosted its stake in Cushman & Wakefield by 5.3% during the 1st quarter. Rhumbline Advisers now owns 63,515 shares of the company’s stock valued at $1,131,000 after purchasing an additional 3,190 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Cushman & Wakefield by 2.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 230,447 shares of the company’s stock valued at $4,120,000 after purchasing an additional 6,297 shares during the last quarter. Institutional investors and hedge funds own 41.31% of the company’s stock.
Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.14 billion. Cushman & Wakefield had a positive return on equity of 4.21% and a negative net margin of 0.96%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities analysts expect that Cushman & Wakefield will post 0.62 EPS for the current year.
A number of analysts recently commented on CWK shares. Compass Point started coverage on Cushman & Wakefield in a research report on Wednesday, July 10th. They issued a “neutral” rating for the company. ValuEngine raised Cushman & Wakefield from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research lowered Cushman & Wakefield from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.11.
Cushman & Wakefield Company Profile
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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