Empyrean Capital Partners LP bought a new position in shares of People Incorporated Common Stock (NASDAQ:PPLI – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 677,000 shares of the company’s stock, valued at approximately $26,471,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of PPLI. Bank of Montreal Can lifted its holdings in shares of People Incorporated Common Stock by 42,721.4% during the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after purchasing an additional 3,120,799 shares during the period. Aristeia Capital L.L.C. increased its position in shares of People Incorporated Common Stock by 100.7% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock valued at $222,966,000 after buying an additional 2,861,871 shares in the last quarter. Boston Partners purchased a new stake in shares of People Incorporated Common Stock in the fourth quarter valued at approximately $29,114,000. Corvex Management LP increased its position in shares of People Incorporated Common Stock by 20.3% in the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after buying an additional 566,696 shares in the last quarter. Finally, Helikon Investments Ltd increased its position in shares of People Incorporated Common Stock by 40.8% in the fourth quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock valued at $72,978,000 after buying an additional 540,643 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.
People Incorporated Common Stock Stock Down 1.5%
Shares of PPLI opened at $42.38 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $46.33. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 114.54 and a beta of 1.02. The stock has a 50 day moving average price of $42.58 and a 200 day moving average price of $39.67.
Analysts Set New Price Targets
Read Our Latest Analysis on PPLI
About People Incorporated Common Stock
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.
Featured Articles
- Five stocks we like better than People Incorporated Common Stock
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding PPLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for People Incorporated Common Stock (NASDAQ:PPLI – Free Report).
Receive News & Ratings for People Incorporated Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for People Incorporated Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.
