Hotchkis & Wiley Capital Management LLC Boosts Stock Position in WPP plc (NYSE:WPP)

Hotchkis & Wiley Capital Management LLC raised its position in shares of WPP plc (NYSE:WPP) by 47.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,356,064 shares of the business services provider’s stock after acquiring an additional 1,734,750 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.36% of WPP worth $274,016,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in WPP by 22.5% during the third quarter. HighTower Advisors LLC now owns 19,658 shares of the business services provider’s stock valued at $1,001,000 after buying an additional 3,615 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of WPP by 2.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 41,755 shares of the business services provider’s stock valued at $2,136,000 after purchasing an additional 1,133 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of WPP in the third quarter valued at about $35,757,000. Cerity Partners LLC lifted its stake in shares of WPP by 34.3% in the 3rd quarter. Cerity Partners LLC now owns 13,504 shares of the business services provider’s stock valued at $691,000 after purchasing an additional 3,452 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of WPP by 20.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 15,981 shares of the business services provider’s stock worth $818,000 after acquiring an additional 2,688 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

Analyst Ratings Changes

WPP has been the subject of several recent research reports. StockNews.com downgraded shares of WPP from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Citigroup raised WPP to a “strong-buy” rating in a report on Thursday, August 8th.

WPP Stock Performance

NYSE WPP opened at $54.81 on Tuesday. The company’s 50 day moving average is $52.24 and its two-hundred day moving average is $49.58. WPP plc has a 12 month low of $43.02 and a 12 month high of $55.74.

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.