MQS Management LLC Makes New Investment in WPP plc (NYSE:WPP)

MQS Management LLC purchased a new position in WPP plc (NYSE:WPP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,591 shares of the business services provider’s stock, valued at approximately $286,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in WPP by 45.3% in the third quarter. GAMMA Investing LLC now owns 648 shares of the business services provider’s stock worth $33,000 after buying an additional 202 shares during the last quarter. Blue Trust Inc. boosted its stake in WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 652 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of WPP in the 1st quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in shares of WPP by 62.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock worth $66,000 after purchasing an additional 505 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of WPP during the second quarter valued at $80,000. Institutional investors own 4.34% of the company’s stock.

WPP Price Performance

WPP opened at $52.86 on Friday. WPP plc has a 12-month low of $43.02 and a 12-month high of $55.74. The company’s 50 day moving average is $51.34 and its 200 day moving average is $49.52.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of WPP from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Citigroup upgraded WPP to a “strong-buy” rating in a research note on Thursday, August 8th.

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.