WINTON GROUP Ltd Lowers Holdings in People Incorporated Common Stock $PPLI

WINTON GROUP Ltd trimmed its holdings in People Incorporated Common Stock (NASDAQ:PPLI) by 54.2% in the 4th quarter, HoldingsChannel reports. The fund owned 13,914 shares of the company’s stock after selling 16,443 shares during the quarter. WINTON GROUP Ltd’s holdings in People Incorporated Common Stock were worth $544,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Davis Selected Advisers boosted its position in shares of People Incorporated Common Stock by 12.1% during the fourth quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after buying an additional 270,383 shares during the period. Helikon Investments Ltd boosted its position in shares of People Incorporated Common Stock by 40.8% during the fourth quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock worth $72,978,000 after buying an additional 540,643 shares during the period. AQR Capital Management LLC boosted its position in shares of People Incorporated Common Stock by 43.8% during the third quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock worth $39,122,000 after buying an additional 349,969 shares during the period. Newtyn Management LLC boosted its position in shares of People Incorporated Common Stock by 10.0% during the third quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock worth $37,477,000 after buying an additional 100,000 shares during the period. Finally, Arkhouse Management Co. LP boosted its position in shares of People Incorporated Common Stock by 0.3% during the third quarter. Arkhouse Management Co. LP now owns 800,061 shares of the company’s stock worth $27,258,000 after buying an additional 2,391 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

People Incorporated Common Stock Stock Up 0.1%

People Incorporated Common Stock stock opened at $42.28 on Thursday. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $46.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. The stock has a market cap of $2.90 billion, a PE ratio of 114.27 and a beta of 1.02. The stock’s fifty day moving average is $42.31 and its two-hundred day moving average is $39.36.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Cowen raised their price target on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wall Street Zen lowered People Incorporated Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. KeyCorp lifted their target price on People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Needham & Company LLC set a $57.00 target price on People Incorporated Common Stock in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. lifted their target price on People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data?driven journalism across more than a dozen specialty sites.