Cushman & Wakefield plc (NYSE:CWK) Short Interest Up 16.8% in April

Cushman & Wakefield plc (NYSE:CWK) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 14,120,000 shares, a growth of 16.8% from the March 31st total of 12,090,000 shares. Based on an average daily volume of 2,160,000 shares, the short-interest ratio is currently 6.5 days. Approximately 6.8% of the shares of the stock are short sold.

Insider Activity at Cushman & Wakefield

In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $50,000. AXQ Capital LP bought a new stake in shares of Cushman & Wakefield in the third quarter valued at about $79,000. Tower Research Capital LLC TRC lifted its holdings in shares of Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock valued at $79,000 after purchasing an additional 5,694 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after purchasing an additional 2,737 shares in the last quarter. Finally, Pale Fire Capital SE bought a new stake in shares of Cushman & Wakefield in the fourth quarter valued at about $108,000. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CWK has been the subject of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Raymond James cut Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Stock Performance

CWK stock opened at $9.72 on Monday. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $9.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The firm has a market cap of $2.21 billion, a PE ratio of -57.17 and a beta of 1.34. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $11.76.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, research analysts forecast that Cushman & Wakefield will post 0.99 earnings per share 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.