Mutual of America Capital Management LLC Lowers Stock Position in Cushman & Wakefield PLC $CWK

Mutual of America Capital Management LLC reduced its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,711 shares of the company’s stock after selling 3,707 shares during the period. Mutual of America Capital Management LLC’s holdings in Cushman & Wakefield were worth $329,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in Cushman & Wakefield during the 1st quarter worth $102,000. DRW Securities LLC purchased a new position in shares of Cushman & Wakefield during the first quarter worth about $109,000. Sage Rhino Capital LLC purchased a new position in shares of Cushman & Wakefield during the second quarter worth about $115,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Cushman & Wakefield during the second quarter worth about $129,000. Finally, Optas LLC purchased a new position in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $139,000. 95.56% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CWK shares. Citizens Jmp started coverage on shares of Cushman & Wakefield in a research report on Monday, July 21st. They issued a “strong-buy” rating and a $15.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Cushman & Wakefield from $13.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, August 26th. The Goldman Sachs Group raised shares of Cushman & Wakefield from a “sell” rating to a “buy” rating and set a $17.50 target price on the stock in a report on Friday, August 8th. Zacks Research raised shares of Cushman & Wakefield from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.75.

Insider Buying and Selling

In related news, Director Angela Sun sold 6,800 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $16.02, for a total value of $108,936.00. Following the sale, the director directly owned 46,498 shares of the company’s stock, valued at approximately $744,897.96. This represents a 12.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Cushman & Wakefield Stock Down 1.7%

CWK opened at $16.55 on Thursday. The business’s fifty day moving average is $15.99 and its two-hundred day moving average is $12.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 18.81 and a beta of 1.51. Cushman & Wakefield PLC has a one year low of $7.64 and a one year high of $17.33.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $2.38 billion. Cushman & Wakefield had a return on equity of 14.33% and a net margin of 2.11%.Cushman & Wakefield’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. Analysts anticipate that Cushman & Wakefield PLC will post 1.2 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.