Cushman & Wakefield PLC (NYSE:CWK) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,640,000 shares, a drop of 11.3% from the December 15th total of 9,740,000 shares. Based on an average daily trading volume, of 972,400 shares, the days-to-cover ratio is currently 8.9 days. Currently, 5.1% of the company’s shares are short sold.

A number of equities analysts have issued reports on CWK shares. Barclays set a $23.00 price objective on shares of Cushman & Wakefield and gave the stock a “buy” rating in a report on Tuesday, October 8th. Bank of America started coverage on shares of Cushman & Wakefield in a report on Friday, October 18th. They set a “neutral” rating and a $21.00 price objective on the stock. ValuEngine downgraded shares of Cushman & Wakefield from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, Zacks Investment Research downgraded shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.50.

In related news, CEO W Brett White sold 84,606 shares of Cushman & Wakefield stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $18.18, for a total value of $1,538,137.08. Following the completion of the sale, the chief executive officer now owns 936,913 shares of the company’s stock, valued at approximately $17,033,078.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tpg Asia Advisors Vi, Inc. sold 4,321,011 shares of Cushman & Wakefield stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $18.18, for a total transaction of $78,555,979.98. The disclosure for this sale can be found here. Company insiders own 0.85% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TPG Group Holdings SBS Advisors Inc. bought a new position in Cushman & Wakefield in the third quarter worth $964,133,000. Quantum Capital Management purchased a new stake in shares of Cushman & Wakefield in the third quarter worth $166,000. California State Teachers Retirement System grew its stake in shares of Cushman & Wakefield by 1.2% in the third quarter. California State Teachers Retirement System now owns 159,692 shares of the company’s stock worth $2,959,000 after acquiring an additional 1,907 shares during the last quarter. State Street Corp grew its stake in shares of Cushman & Wakefield by 11.7% in the third quarter. State Street Corp now owns 2,067,189 shares of the company’s stock worth $38,305,000 after acquiring an additional 217,272 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Cushman & Wakefield by 10.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,433,110 shares of the company’s stock worth $45,085,000 after acquiring an additional 222,160 shares during the last quarter. Institutional investors own 68.24% of the company’s stock.

Shares of NYSE CWK traded down $0.17 during mid-day trading on Tuesday, reaching $19.24. 458,245 shares of the company’s stock were exchanged, compared to its average volume of 491,509. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of -17.65, a price-to-earnings-growth ratio of 2.20 and a beta of 1.98. Cushman & Wakefield has a 52 week low of $15.49 and a 52 week high of $20.80. The company has a debt-to-equity ratio of 2.51, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50-day moving average price of $19.69 and a two-hundred day moving average price of $18.58.

Cushman & Wakefield (NYSE:CWK) last released its earnings results on Tuesday, November 5th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.08). The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cushman & Wakefield had a negative return on equity of 1.60% and a negative net margin of 0.24%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts forecast that Cushman & Wakefield will post 0.47 EPS for the current fiscal year.

About Cushman & Wakefield

Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.

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