Barclays PLC Has $944,000 Stock Holdings in Stagwell Inc. (NASDAQ:STGW)

Barclays PLC raised its position in Stagwell Inc. (NASDAQ:STGW - Free Report) by 304.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,421 shares of the company's stock after purchasing an additional 101,201 shares during the quarter. Barclays PLC owned about 0.05% of Stagwell worth $944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in STGW. Harbor Capital Advisors Inc. increased its position in Stagwell by 123.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,241,594 shares of the company's stock valued at $8,716,000 after acquiring an additional 685,164 shares during the period. Lighthouse Investment Partners LLC bought a new stake in shares of Stagwell during the second quarter valued at about $2,316,000. Dimensional Fund Advisors LP lifted its holdings in Stagwell by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company's stock worth $10,344,000 after purchasing an additional 127,099 shares during the period. Jane Street Group LLC grew its position in Stagwell by 37.1% in the 3rd quarter. Jane Street Group LLC now owns 149,506 shares of the company's stock valued at $1,050,000 after buying an additional 40,439 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Stagwell in the 3rd quarter valued at about $229,000. Institutional investors own 35.61% of the company's stock.

Stagwell Price Performance

Shares of STGW traded up $0.29 during trading hours on Wednesday, hitting $6.40. 553,559 shares of the company were exchanged, compared to its average volume of 355,654. 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 capitalization of $1.68 billion, a PE ratio of 19.80 and a beta of 1.46. The firm has a fifty day simple moving average of $7.18 and a 200-day simple moving average of $6.94. Stagwell Inc. has a one year low of $4.88 and a one year high of $8.18.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on STGW shares. Benchmark upped their price target on shares of Stagwell from $8.50 to $9.50 and gave the stock a "buy" rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $7.50 price target on shares of Stagwell in a research note on Monday, October 21st. Finally, Rosenblatt Securities boosted their price objective on Stagwell from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.50.

Stagwell 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.