HGI Capital Management LLC Decreases Stock Holdings in Cushman & Wakefield plc (NYSE:CWK)

HGI Capital Management LLC cut its holdings in Cushman & Wakefield plc (NYSE:CWK) by 3.3% during the 3rd quarter, Holdings Channel reports. The fund owned 415,201 shares of the company’s stock after selling 14,057 shares during the period. Cushman & Wakefield comprises 4.9% of HGI Capital Management LLC’s portfolio, making the stock its 6th biggest holding. HGI Capital Management LLC’s holdings in Cushman & Wakefield were worth $5,659,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. PEAK6 Investments LLC raised its position in Cushman & Wakefield by 78.7% in the third quarter. PEAK6 Investments LLC now owns 105,890 shares of the company’s stock worth $1,443,000 after acquiring an additional 46,632 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Cushman & Wakefield by 737.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,982,586 shares of the company’s stock worth $27,023,000 after acquiring an additional 1,745,986 shares during the period. Public Sector Pension Investment Board raised its position in Cushman & Wakefield by 12.2% in the third quarter. Public Sector Pension Investment Board now owns 486,374 shares of the company’s stock worth $6,629,000 after acquiring an additional 53,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cushman & Wakefield by 11.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,471 shares of the company’s stock worth $703,000 after acquiring an additional 5,141 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cushman & Wakefield in the third quarter worth approximately $4,942,000. 95.56% of the stock is currently owned by institutional investors.

Cushman & Wakefield Stock Up 1.6 %

CWK opened at $15.48 on Friday. The firm’s 50 day simple moving average is $13.69 and its two-hundred day simple moving average is $12.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.76. The company has a market capitalization of $3.55 billion, a PE ratio of 41.84 and a beta of 1.30. Cushman & Wakefield plc has a 1-year low of $8.09 and a 1-year high of $16.11.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. As a group, equities analysts forecast that Cushman & Wakefield plc will post 0.86 EPS for the current year.

Cushman & Wakefield 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.