Campbell & CO Investment Adviser LLC Reduces Position in Stagwell Inc. $STGW

Campbell & CO Investment Adviser LLC lowered its stake in Stagwell Inc. (NASDAQ:STGW) by 57.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,703 shares of the company’s stock after selling 88,809 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Stagwell were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in shares of Stagwell in the 1st quarter valued at $86,000. Allianz Asset Management GmbH grew its stake in Stagwell by 126.2% during the 1st quarter. Allianz Asset Management GmbH now owns 63,800 shares of the company’s stock valued at $386,000 after purchasing an additional 35,600 shares during the last quarter. First Pacific Advisors LP increased its holdings in shares of Stagwell by 6.1% in the first quarter. First Pacific Advisors LP now owns 1,191,918 shares of the company’s stock valued at $7,211,000 after purchasing an additional 68,402 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Stagwell in the first quarter valued at about $175,000. Finally, XTX Topco Ltd raised its stake in shares of Stagwell by 220.5% in the first quarter. XTX Topco Ltd now owns 53,340 shares of the company’s stock worth $323,000 after purchasing an additional 36,696 shares during the last quarter. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Stock Up 5.0%

STGW opened at $5.03 on Tuesday. Stagwell Inc. has a twelve month low of $4.03 and a twelve month high of $8.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.90. The company has a 50-day moving average price of $5.17 and a 200 day moving average price of $5.10. The company has a market cap of $1.27 billion, a PE ratio of 83.83 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $743.00 million for the quarter, compared to analysts’ expectations of $743.11 million. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.Stagwell’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. Sell-side analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on STGW. Morgan Stanley dropped their target price on Stagwell from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Stagwell from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Needham & Company LLC increased their price objective on shares of Stagwell from $6.36 to $7.25 and gave the stock a “buy” rating in a research note on Friday, November 7th. Rosenblatt Securities decreased their target price on shares of Stagwell from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Zacks Research raised shares of Stagwell from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stagwell presently has a consensus rating of “Hold” and an average price target of $8.15.

Stagwell Company 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.