Schroder Investment Management Group Acquires 667,166 Shares of Stagwell Inc. (NASDAQ:STGW)

Schroder Investment Management Group grew its holdings in shares of Stagwell Inc. (NASDAQ:STGWFree Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,250,838 shares of the company’s stock after acquiring an additional 667,166 shares during the period. Schroder Investment Management Group owned about 1.93% of Stagwell worth $34,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Stagwell by 22.0% during the 3rd quarter. Principal Financial Group Inc. now owns 22,913 shares of the company’s stock valued at $107,000 after buying an additional 4,135 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Stagwell by 8.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 329,349 shares of the company’s stock worth $1,545,000 after purchasing an additional 26,535 shares in the last quarter. HighTower Advisors LLC lifted its stake in Stagwell by 0.7% in the 3rd quarter. HighTower Advisors LLC now owns 623,894 shares of the company’s stock worth $2,926,000 after purchasing an additional 4,345 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Stagwell in the 3rd quarter worth $144,000. Finally, Foundry Partners LLC purchased a new stake in Stagwell in the 3rd quarter worth $3,568,000. Institutional investors own 35.61% of the company’s stock.

Analyst Ratings Changes

STGW has been the topic of several research analyst reports. Benchmark boosted their price target 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. B. Riley boosted their target price on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. TheStreet upgraded shares of Stagwell from a “d+” rating to a “c-” rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.06.

Check Out Our Latest Stock Analysis on Stagwell

Stagwell Price Performance

Shares of STGW stock opened at $6.72 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.83 and a current ratio of 0.83. The company’s 50-day simple moving average is $6.42 and its two-hundred day simple moving average is $6.23. Stagwell Inc. has a one year low of $3.83 and a one year high of $8.59.

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). Stagwell had a positive return on equity of 7.31% and a negative net margin of 0.16%. The company had revenue of $670.06 million during the quarter, compared to the consensus estimate of $633.45 million. On average, sell-side analysts anticipate that Stagwell Inc. will post 0.72 EPS for the current year.

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.

Read More

Want to see what other hedge funds are holding STGW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stagwell Inc. (NASDAQ:STGWFree Report).

Institutional Ownership by Quarter for Stagwell (NASDAQ:STGW)

Receive News & Ratings for Stagwell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagwell and related companies with MarketBeat.com's FREE daily email newsletter.