Campbell & CO Investment Adviser LLC Purchases 44,039 Shares of Stagwell Inc. (NASDAQ:STGW)

Campbell & CO Investment Adviser LLC lifted its position in shares of Stagwell Inc. (NASDAQ:STGWFree Report) by 143.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,769 shares of the company’s stock after purchasing an additional 44,039 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Stagwell were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners bought a new stake in Stagwell during the 4th quarter worth approximately $12,842,000. My Personal CFO LLC grew its stake in shares of Stagwell by 153.5% in the fourth quarter. My Personal CFO LLC now owns 1,333,440 shares of the company’s stock worth $8,841,000 after purchasing an additional 807,505 shares during the last quarter. Foundry Partners LLC acquired a new stake in Stagwell in the third quarter valued at $3,568,000. RK Capital Management LLC raised its position in Stagwell by 44.2% during 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted 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 worth $3,440,000 after buying an additional 345,669 shares during the period. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Trading Down 1.6 %

STGW opened at $6.72 on Monday. The company has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $6.23. Stagwell Inc. has a 1-year low of $3.83 and a 1-year high of $8.59. The company has a market cap of $1.81 billion, a P/E ratio of -224.00 and a beta of 1.29. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.59.

Stagwell (NASDAQ:STGWGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $670.06 million during the quarter, compared to the consensus estimate of $633.45 million. Stagwell had a negative net margin of 0.16% and a positive return on equity of 7.31%. Analysts predict that Stagwell Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on STGW shares. Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research report on Thursday, May 2nd. TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. B. Riley increased their price objective on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, Benchmark lifted their target price on shares of Stagwell from $6.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Stagwell currently has an average rating of “Moderate Buy” and an average target price of $8.06.

View Our Latest Research Report on Stagwell

About Stagwell

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Stagwell (NASDAQ:STGW)

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