Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 13,880,000 shares, a growth of 5.8% from the September 15th total of 13,120,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 6.8 days.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oliver Luxxe Assets LLC purchased a new stake in shares of Cushman & Wakefield in the 3rd quarter worth about $1,498,000. CWM LLC raised its holdings in shares of Cushman & Wakefield by 67.6% during the third quarter. CWM LLC now owns 9,167 shares of the company's stock valued at $125,000 after purchasing an additional 3,699 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cushman & Wakefield by 45.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after buying an additional 1,629 shares during the period. Handelsbanken Fonder AB increased its position in Cushman & Wakefield by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock valued at $334,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Brightwater Advisory LLC bought a new position in Cushman & Wakefield in the second quarter valued at about $130,000. Hedge funds and other institutional investors own 95.56% of the company's stock.
NYSE CWK traded up $0.19 on Thursday, reaching $13.29. 2,421,542 shares of the company's stock traded hands, compared to its average volume of 2,204,070. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $13.99. The stock has a 50-day simple moving average of $12.96 and a 200 day simple moving average of $11.59. The stock has a market cap of $3.04 billion, a PE ratio of 327.38 and a beta of 1.30.
Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, research analysts predict that Cushman & Wakefield will post 0.87 earnings per share for the current year.
A number of research firms recently issued reports on CWK. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Raymond James raised their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cushman & Wakefield has a consensus rating of "Hold" and a consensus price target of $12.80.
Get Our Latest Report on Cushman & Wakefield
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.
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