Entropy Technologies LP Raises Position in People Incorporated Common Stock $PPLI

Entropy Technologies LP raised its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 257.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,550 shares of the company’s stock after acquiring an additional 35,672 shares during the quarter. Entropy Technologies LP’s holdings in People Incorporated Common Stock were worth $1,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can lifted its stake in shares of People Incorporated Common Stock by 42,721.4% in the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after purchasing an additional 3,120,799 shares during the period. Davis Selected Advisers grew its stake in shares of People Incorporated Common Stock by 12.1% in the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after buying an additional 270,383 shares during the last quarter. Patient Capital Management LLC increased its position in People Incorporated Common Stock by 12.6% during the 4th quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock valued at $92,825,000 after buying an additional 265,805 shares in the last quarter. Helikon Investments Ltd increased its position in People Incorporated Common Stock by 40.8% during the 4th 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. Finally, AQR Capital Management LLC raised its stake in People Incorporated Common Stock by 43.8% during the third quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock valued at $39,122,000 after buying an additional 349,969 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Wednesday, May 6th. The Goldman Sachs Group lifted their price target on People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Zacks Research upgraded shares of People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Citigroup increased their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Needham & Company LLC set a $57.00 price objective on shares of People Incorporated Common Stock in a research note on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.62.

People Incorporated Common Stock Price Performance

NASDAQ PPLI opened at $42.64 on Tuesday. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 115.25 and a beta of 1.02. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $46.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. The business’s fifty day moving average price is $42.47 and its 200-day moving average price is $39.55.

People Incorporated Common Stock Company Profile

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.