Cushman & Wakefield plc (NYSE:CWK) Short Interest Update

Cushman & Wakefield plc (NYSE:CWK) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 11,830,000 shares, a growth of 20.0% from the August 15th total of 9,860,000 shares. Based on an average daily trading volume, of 1,930,000 shares, the days-to-cover ratio is presently 6.1 days.

Wall Street Analyst Weigh In

Several research firms have commented on CWK. Raymond James increased their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus target price of $12.42.

Institutional Trading of Cushman & Wakefield

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC lifted its stake in Cushman & Wakefield by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company’s stock worth $831,000 after purchasing an additional 1,395 shares during the last quarter. CWM LLC lifted its stake in shares of Cushman & Wakefield by 61.4% during the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after acquiring an additional 2,080 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Cushman & Wakefield by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 33,539 shares of the company’s stock valued at $351,000 after acquiring an additional 2,303 shares during the period. Illinois Municipal Retirement Fund grew its position in Cushman & Wakefield by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 98,800 shares of the company’s stock valued at $1,033,000 after acquiring an additional 2,418 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Cushman & Wakefield by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 147,178 shares of the company’s stock worth $1,539,000 after purchasing an additional 2,428 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock traded down $0.07 during trading hours on Tuesday, reaching $13.32. The company’s stock had a trading volume of 2,212,262 shares, compared to its average volume of 2,200,042. The firm has a 50 day moving average price of $12.65 and a 200-day moving average price of $11.10. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $3.05 billion, a P/E ratio of 332.50 and a beta of 1.31. Cushman & Wakefield has a one year low of $6.24 and a one year high of $13.78.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. On average, analysts predict that Cushman & Wakefield will post 0.87 EPS for the current year.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.