Boothbay Fund Management LLC Sells 68,982 Shares of Cushman & Wakefield PLC $CWK

Boothbay Fund Management LLC trimmed its stake in shares of Cushman & Wakefield PLC (NYSE:CWK) by 25.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,005 shares of the company’s stock after selling 68,982 shares during the period. Boothbay Fund Management LLC owned 0.09% of Cushman & Wakefield worth $3,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Frontier Capital Management Co. LLC bought a new stake in shares of Cushman & Wakefield in the second quarter worth about $51,764,000. Channing Capital Management LLC purchased a new position in Cushman & Wakefield during the 3rd quarter valued at approximately $55,665,000. Balyasny Asset Management L.P. grew its holdings in Cushman & Wakefield by 128.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after buying an additional 1,620,143 shares in the last quarter. New York State Common Retirement Fund increased its stake in Cushman & Wakefield by 486.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,117,297 shares of the company’s stock worth $17,787,000 after acquiring an additional 926,664 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in Cushman & Wakefield in the 3rd quarter worth approximately $7,630,000. 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 research reports. Wall Street Zen downgraded Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Barclays decreased their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday. Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Finally, Wolfe Research upgraded shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Cushman & Wakefield Trading Up 1.9%

Shares of CWK opened at $12.37 on Tuesday. The company’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $15.54. The company has a market cap of $2.87 billion, a P/E ratio of 32.54 and a beta of 1.49. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34. Cushman & Wakefield PLC has a twelve month low of $7.64 and a twelve month high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. As a group, analysts expect that Cushman & Wakefield PLC will post 1.2 EPS for the current year.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.