Horizon Investments LLC Sells 83,595 Shares of Cushman & Wakefield PLC $CWK

Horizon Investments LLC decreased its position in shares of Cushman & Wakefield PLC (NYSE:CWK) by 94.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,532 shares of the company’s stock after selling 83,595 shares during the quarter. Horizon Investments LLC’s holdings in Cushman & Wakefield were worth $73,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC raised its position in shares of Cushman & Wakefield by 2.6% during the fourth quarter. Mutual Advisors LLC now owns 45,498 shares of the company’s stock worth $737,000 after acquiring an additional 1,174 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Cushman & Wakefield by 1.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 145,832 shares of the company’s stock valued at $2,361,000 after acquiring an additional 2,305 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Cushman & Wakefield by 9.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,477 shares of the company’s stock worth $202,000 after purchasing an additional 1,061 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Cushman & Wakefield by 1.0% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 174,583 shares of the company’s stock worth $2,826,000 after purchasing an additional 1,806 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cushman & Wakefield by 17.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,106 shares of the company’s stock valued at $1,216,000 after purchasing an additional 11,008 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Barclays cut their price objective on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Wolfe Research raised shares of Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, February 9th. Morgan Stanley reiterated an “overweight” rating and set a $19.00 target price on shares of Cushman & Wakefield in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.06.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $13.74 on Tuesday. The firm’s 50 day simple moving average is $13.19 and its 200 day simple moving average is $14.85. Cushman & Wakefield PLC has a fifty-two week low of $9.43 and a fifty-two week high of $17.40. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 42.95 and a beta of 1.50. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.13 and a quick ratio of 1.13.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Cushman & Wakefield had a net margin of 0.70% and a return on equity of 15.41%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, sell-side analysts forecast that Cushman & Wakefield PLC will post 1.46 earnings per share for the current year.

Cushman & Wakefield Profile

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.