Wpp Plc Reported increased Interest in Rentrak Corporation (NASDAQ:RENT)
Wpp Plc filed with SEC a SC 13D/Aform about Rentrak Corp. The form can be accessed here: 000119312515334101. As reported by Wpp Plc, the filler increased its stake in the stock by 18.67% for 3,037,889 shares. Wpp Plc currently owns 19.8% of the Consumer Discretionary- stock. This ownership filing was filed because activity on September 29, 2015.
Rentrak Corp Institutional Sentiment
Latest Security and Exchange filings show 115 investors own Rentrak Corp. The institutional ownership in Q1 2015 is high, at 70.18% of the outstanding shares. This is increased by 1355367 the total institutional shares. 10773164 were the shares owned by these institutional investors. In total 28 funds opened new Rentrak Corp stakes, 49 increased stakes. There were 31 that closed positions and 26 reduced them.
Riverpark Advisors Llc is an institutional investor bullish on Rentrak Corp, owning 20234 shares as of Q1 2015 for 0.62% of its portfolio. Michael Doheny Freshford Capital Management Llc owns 70253 shares or 0.67% of its portfolio. WI 1492 Capital Management Llc have 2.29% of their stock portfolio for 71176 shares. Further, Wall Street Associates reported stake worth 1.08% of its US stock portfolio. The FL Huff W R Asset Management Company Llc owns 1037042 shares. Rentrak Corp is 50.49% of the manager’s US portfolio.
Business Profile
Rentrak Corporation is a global media measurement and information company serving the entertainment, television, video and advertising industries. The Company provides film studios, television networks and local stations, cable, satellite and telecommunications Company operators, advertisers and advertising agencies insights into consumer viewing and purchasing patterns. The Company’s line of business, Entertainment Essentials services, are: TV Everywhere, which includes TV Essentials and StationView Essentials; OnDemand Everywhere, which includes OnDemand Essentials, Over the Top measurement products and related products; Movies Everywhere, which includes domestic and international Box Office Essentials, PostTrak and PreAct; and Other Services, which includes its Studio Direct Revenue Sharing (DRS) and other products relating to content in the home video rental industry.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
