Cerity Partners LLC Invests $448,000 in Stagwell Inc. (NASDAQ:STGW)

Cerity Partners LLC acquired a new position in Stagwell Inc. (NASDAQ:STGW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 67,562 shares of the company’s stock, valued at approximately $448,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. RK Capital Management LLC boosted its holdings in shares of Stagwell by 44.2% in the 3rd quarter. RK Capital Management LLC now owns 1,705,132 shares of the company’s stock worth $7,997,000 after purchasing an additional 522,621 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Stagwell by 19.3% during the 3rd quarter. New York State Common Retirement Fund now owns 1,689,214 shares of the company’s stock valued at $7,922,000 after acquiring an additional 273,018 shares during the period. My Personal CFO LLC boosted its holdings in Stagwell by 153.5% during the 4th quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock valued at $8,841,000 after acquiring an additional 807,505 shares during the period. Foundry Partners LLC purchased a new stake in Stagwell during the 3rd quarter valued at about $3,568,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Stagwell by 89.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 733,573 shares of the company’s stock valued at $3,440,000 after acquiring an additional 345,669 shares during the period. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Stagwell Trading Down 0.5 %

STGW opened at $6.05 on Friday. The business has a 50 day simple moving average of $5.87 and a two-hundred day simple moving average of $5.70. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -201.67 and a beta of 1.06. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.75 and a quick ratio of 0.75. Stagwell Inc. has a one year low of $3.83 and a one year high of $8.59.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $654.90 million for the quarter, compared to the consensus estimate of $683.12 million. Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.38%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. Analysts predict that Stagwell Inc. will post 0.73 EPS for the current year.

Analysts Set New Price Targets

STGW has been the subject of several analyst reports. TheStreet upgraded Stagwell from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Benchmark restated a “buy” rating and set a $6.50 target price on shares of Stagwell in a report on Friday, March 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Stagwell in a report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.11.

Insider Transactions at Stagwell

In other news, Director Wade Oosterman bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $5.04 per share, with a total value of $25,200.00. Following the transaction, the director now owns 128,204 shares of the company’s stock, valued at $646,148.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Mark Jeffery Penn bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $5.20 per share, with a total value of $52,000.00. Following the transaction, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at $12,898,438.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wade Oosterman bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average cost of $5.04 per share, with a total value of $25,200.00. Following the transaction, the director now directly owns 128,204 shares in the company, valued at approximately $646,148.16. The disclosure for this purchase can be found here. Corporate insiders own 4.90% of the company’s stock.

Stagwell Profile

Stagwell Inc provides digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. The company operates through three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. It designs and builds digital platforms and experiences that support the delivery of content, commerce, service, and sales; creates websites, mobile applications, back-end systems, content and data management systems, and other digital environments; designs and implements technology and data strategies; and develops software and related technology products, including artificial intelligence (AI)-enabled communications, research, and media technology, cookie-less data platforms for advance targeting and activation, software tools for e-commerce applications, specialty media solutions in the augmented reality space, and text messaging applications for consumer engagement.