GAMMA Investing LLC Grows Stock Position in WPP plc (NYSE:WPP)

GAMMA Investing LLC increased its position in WPP plc (NYSE:WPP) by 92.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,247 shares of the business services provider’s stock after buying an additional 599 shares during the quarter. GAMMA Investing LLC’s holdings in WPP were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in WPP by 14.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 18,089 shares of the business services provider’s stock worth $828,000 after purchasing an additional 2,286 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of WPP by 9.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 34,765 shares of the business services provider’s stock worth $1,592,000 after buying an additional 2,862 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of WPP by 15.9% in the second quarter. Envestnet Asset Management Inc. now owns 199,110 shares of the business services provider’s stock valued at $9,115,000 after buying an additional 27,384 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of WPP by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,973 shares of the business services provider’s stock valued at $14,759,000 after buying an additional 63,363 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of WPP during the 2nd quarter valued at about $458,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a research report on Monday, November 18th.

WPP Trading Down 4.1 %

WPP stock opened at $44.01 on Monday. The stock has a market cap of $9.50 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 8.03 and a beta of 1.27. The stock has a 50 day moving average of $52.69 and a 200-day moving average of $50.02. WPP plc has a 52 week low of $43.02 and a 52 week high of $57.37.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.