AlphaQuest LLC Acquires Shares of 44,564 Stagwell Inc. (NASDAQ:STGW)

AlphaQuest LLC bought a new position in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,564 shares of the company's stock, valued at approximately $293,000.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Stagwell by 185.7% in the fourth quarter. Victory Capital Management Inc. now owns 38,735 shares of the company's stock valued at $255,000 after purchasing an additional 25,177 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Stagwell by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company's stock worth $5,269,000 after buying an additional 6,742 shares during the period. New York State Common Retirement Fund increased its stake in shares of Stagwell by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company's stock valued at $10,609,000 after acquiring an additional 6,992 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Stagwell by 7.3% during the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock valued at $230,000 after acquiring an additional 2,378 shares during the period. Finally, Portfolio Design Labs LLC acquired a new stake in shares of Stagwell in the 4th quarter valued at about $271,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Stagwell Stock Up 1.2 %

Shares of STGW stock traded up $0.07 on Tuesday, hitting $6.09. The stock had a trading volume of 548,368 shares, compared to its average volume of 491,612. 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 business has a 50 day moving average of $6.32 and a 200 day moving average of $6.82. Stagwell Inc. has a 12-month low of $5.29 and a 12-month high of $8.18. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 304.50 and a beta of 1.56.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Rosenblatt Securities boosted their price objective on Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, February 28th. Wells Fargo & Company upgraded shares of Stagwell from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Stagwell presently has an average rating of "Moderate Buy" and an average price target of $8.75.

About Stagwell

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.