Peregrine Capital Management LLC Sells 19,155 Shares of Cushman & Wakefield plc (NYSE:CWK)

Peregrine Capital Management LLC decreased its position in shares of Cushman & Wakefield plc (NYSE:CWK) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,832 shares of the company’s stock after selling 19,155 shares during the quarter. Peregrine Capital Management LLC’s holdings in Cushman & Wakefield were worth $6,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. CWM LLC grew its position in Cushman & Wakefield by 67.6% in the 3rd 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 period. Blue Trust Inc. lifted its stake in shares of Cushman & Wakefield by 137.5% in the third quarter. Blue Trust Inc. now owns 3,501 shares of the company’s stock valued at $48,000 after buying an additional 2,027 shares in the last quarter. Everence Capital Management Inc. grew its holdings in shares of Cushman & Wakefield by 14.1% during the third quarter. Everence Capital Management Inc. now owns 20,380 shares of the company’s stock valued at $278,000 after buying an additional 2,520 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Cushman & Wakefield by 11.8% during the third quarter. Louisiana State Employees Retirement System now owns 110,800 shares of the company’s stock worth $1,510,000 after acquiring an additional 11,700 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Cushman & Wakefield by 13.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 130,822 shares of the company’s stock worth $1,783,000 after acquiring an additional 15,171 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $14.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Cushman & Wakefield Trading Down 0.5 %

NYSE:CWK opened at $13.18 on Wednesday. Cushman & Wakefield plc has a 52 week low of $9.24 and a 52 week high of $16.11. The firm has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $13.42. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 35.61 and a beta of 1.34.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.