Quantinno Capital Management LP Grows Holdings in People Incorporated Common Stock $PPLI

Quantinno Capital Management LP lifted its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 80.0% in the first quarter, Holdings Channel reports. The institutional investor owned 205,408 shares of the company’s stock after buying an additional 91,293 shares during the quarter. Quantinno Capital Management LP’s holdings in People Incorporated Common Stock were worth $8,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in People Incorporated Common Stock by 61.3% during the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after acquiring an additional 233 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of People Incorporated Common Stock in the 3rd quarter valued at about $38,000. Quarry LP bought a new position in shares of People Incorporated Common Stock during the fourth quarter worth about $59,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of People Incorporated Common Stock by 251.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after purchasing an additional 1,386 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI opened at $46.43 on Wednesday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $43.93 and its two-hundred day moving average price is $41.05. People Incorporated Common Stock has a 52-week low of $29.56 and a 52-week high of $48.32. The stock has a market capitalization of $3.19 billion, a P/E ratio of 125.49 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating the consensus estimate of ($0.40) by $7.08. The company had revenue of $436.74 million during the quarter, compared to analyst estimates of $433.77 million. People Incorporated Common Stock had a return on equity of 8.66% and a net margin of 16.05%.The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 earnings per share. As a group, sell-side analysts forecast that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

PPLI has been the subject of several research analyst reports. Benchmark reissued a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, June 2nd. Citigroup increased their target price on People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Jefferies Financial Group lowered People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research report on Wednesday, May 6th. The Goldman Sachs Group upped their price target on People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, KeyCorp raised their price objective on People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

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.