Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 8.0% in June

Cushman & Wakefield plc (NYSE:CWK) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 10,860,000 shares, a drop of 8.0% from the May 31st total of 11,800,000 shares. Based on an average daily trading volume, of 2,450,000 shares, the days-to-cover ratio is presently 4.4 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, June 21st. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.58.

Cushman & Wakefield Price Performance

NYSE CWK traded up $0.29 during trading hours on Wednesday, hitting $10.47. The company had a trading volume of 668,881 shares, compared to its average volume of 2,317,676. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 261.75 and a beta of 1.33. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.83. The firm has a 50 day simple moving average of $10.47 and a 200 day simple moving average of $10.28.

Insiders Place Their Bets

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total value of $188,078,011.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Cushman & Wakefield

A number of large investors have recently modified their holdings of CWK. California State Teachers Retirement System increased its holdings in Cushman & Wakefield by 6.6% during the 1st quarter. California State Teachers Retirement System now owns 180,213 shares of the company’s stock worth $1,885,000 after acquiring an additional 11,154 shares during the period. Janus Henderson Group PLC grew its position in shares of Cushman & Wakefield by 18.8% during the 1st quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after purchasing an additional 695,005 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Cushman & Wakefield by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,904 shares of the company’s stock worth $941,000 after purchasing an additional 5,982 shares during the period. Vanguard Group Inc. raised its position in shares of Cushman & Wakefield by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock worth $301,126,000 after buying an additional 1,110,076 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Cushman & Wakefield by 22.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,253 shares of the company’s stock valued at $2,839,000 after buying an additional 50,169 shares during the period. 95.56% of the stock is currently owned by institutional investors.

About 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.