Marshall Wace North America L.P. lessened its position in shares of Wpp Plc (NYSE:WPP) by 83.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,331 shares of the business services provider’s stock after selling 43,523 shares during the quarter. Marshall Wace North America L.P.’s holdings in WPP were worth $440,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its holdings in WPP by 21.4% during the first quarter. Brandes Investment Partners LP now owns 910,687 shares of the business services provider’s stock worth $48,084,000 after purchasing an additional 160,342 shares during the last quarter. First Trust Advisors LP raised its holdings in WPP by 38.2% during the fourth quarter. First Trust Advisors LP now owns 442,617 shares of the business services provider’s stock worth $24,255,000 after purchasing an additional 122,335 shares during the last quarter. Bar Harbor Trust Services acquired a new position in WPP during the first quarter worth $5,016,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in WPP during the fourth quarter worth $4,970,000. Finally, Deutsche Bank AG acquired a new position in WPP during the fourth quarter worth $4,438,000. Hedge funds and other institutional investors own 4.04% of the company’s stock.
WPP stock traded down $0.38 during trading on Thursday, reaching $58.37. 309,554 shares of the stock traded hands, compared to its average volume of 183,220. The firm’s 50 day simple moving average is $61.54. Wpp Plc has a 52-week low of $50.31 and a 52-week high of $84.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.57. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 8.10 and a beta of 1.05.
WPP plc provides various communications services worldwide. The company operates through four segments: Advertising and Media Investment Management; Data Investment Management; Public Relations & Public Affairs; and Branding Consulting, Health & Wellness and Specialist Communications. The Advertising and Media Investment Management segment provides advertising services; and media planning and buying, and specialist sponsorship, and branded entertainment services.
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