Andra AP fonden Sells 101,550 Shares of DigitalBridge Group, Inc. $DBRG

Andra AP fonden decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 80.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,151 shares of the company’s stock after selling 101,550 shares during the quarter. Andra AP fonden’s holdings in DigitalBridge Group were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBRG. State of Alaska Department of Revenue acquired a new stake in shares of DigitalBridge Group during the third quarter worth $84,000. Captrust Financial Advisors acquired a new stake in DigitalBridge Group during the 2nd quarter worth about $109,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in DigitalBridge Group during the 2nd quarter worth about $113,000. NEOS Investment Management LLC bought a new position in shares of DigitalBridge Group in the 3rd quarter worth about $117,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of DigitalBridge Group by 239.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after purchasing an additional 8,022 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DBRG. TD Cowen downgraded shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Tuesday, December 30th. Citizens Jmp lowered shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Monday, December 29th. Raymond James Financial cut shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. B. Riley Financial lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $20.00 to $16.00 in a report on Tuesday, December 30th. Finally, Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $16.00.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.46 on Monday. The company has a fifty day moving average price of $15.20 and a 200-day moving average price of $12.90. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 34.34 and a beta of 1.67. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.