Boston Partners Has $15.37 Million Stake in Stagwell Inc. (NASDAQ:STGW)

Boston Partners raised its holdings in Stagwell Inc. (NASDAQ:STGW) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,333,593 shares of the company’s stock after buying an additional 101,318 shares during the period. Boston Partners’ holdings in Stagwell were worth $15,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STGW. Principal Financial Group Inc. acquired a new stake in shares of Stagwell in the third quarter valued at about $229,000. Intech Investment Management LLC acquired a new position in shares of Stagwell during the 3rd quarter worth approximately $136,000. FMR LLC increased its position in shares of Stagwell by 370.3% during the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Stagwell by 59.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock worth $114,000 after purchasing an additional 6,058 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Stagwell by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock valued at $1,454,000 after buying an additional 8,579 shares in the last quarter. 35.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STGW. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $8.00 to $9.00 in a research report on Friday, February 21st. Rosenblatt Securities raised their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Stagwell Price Performance

NASDAQ:STGW opened at $6.10 on Friday. The firm’s fifty day moving average price is $6.32 and its two-hundred day moving average price is $6.80. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.61 billion, a P/E ratio of 305.00 and a beta of 1.56. Stagwell Inc. has a one year low of $5.29 and a one year high of $8.18.

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.