Oliver Luxxe Assets LLC Lowers Holdings in Cushman & Wakefield PLC $CWK

Oliver Luxxe Assets LLC lowered its holdings in Cushman & Wakefield PLC (NYSE:CWK) by 37.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,483 shares of the company’s stock after selling 86,451 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Cushman & Wakefield were worth $1,921,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CWK. Royal Bank of Canada raised its stake in shares of Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock valued at $1,007,000 after acquiring an additional 27,940 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cushman & Wakefield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock valued at $1,393,000 after purchasing an additional 5,929 shares during the period. United Services Automobile Association acquired a new position in Cushman & Wakefield during the first quarter worth $139,000. Jane Street Group LLC boosted its position in shares of Cushman & Wakefield by 1,821.3% during the first quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after buying an additional 264,855 shares during the period. Finally, Focus Partners Wealth acquired a new position in Cushman & Wakefield during the 1st quarter worth about $218,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $13.79 on Friday. Cushman & Wakefield PLC has a 1 year low of $11.56 and a 1 year high of $17.40. The stock has a market capitalization of $3.23 billion, a PE ratio of 47.56 and a beta of 1.43. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.13 and a current ratio of 1.08. The stock has a 50-day simple moving average of $13.36 and a 200-day simple moving average of $13.58.

Cushman & Wakefield (NYSE:CWK) last issued its earnings results on Tuesday, June 30th. The company reported $0.35 earnings per share for the quarter. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. The firm had revenue of $2.76 billion for the quarter. On average, analysts predict that Cushman & Wakefield PLC will post 1.44 earnings per share for the current fiscal year.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 24,828 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $13.25, for a total transaction of $328,971.00. Following the completion of the transaction, the insider owned 70,876 shares in the company, valued at approximately $939,107. The trade was a 25.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $17.00 target price on Cushman & Wakefield and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Cushman & Wakefield from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Cushman & Wakefield Company 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.