Stagwell Inc. (NASDAQ:STGW) Shares Acquired by Boston Partners

Boston Partners increased its stake in Stagwell Inc. (NASDAQ:STGW - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,333,593 shares of the company's stock after buying an additional 101,318 shares during the period. Boston Partners owned 0.89% of Stagwell worth $15,369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new position in shares of Stagwell during the third quarter worth approximately $77,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Stagwell by 59.6% in the third 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. FMR LLC increased its holdings in 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 period. Coldstream Capital Management Inc. bought a new stake in Stagwell during the 3rd quarter valued at $136,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Stagwell in the 3rd quarter worth $136,000. Institutional investors own 35.61% of the company's stock.

Stagwell Stock Down 1.4 %

STGW stock traded down $0.09 during trading on Tuesday, reaching $6.21. 503,488 shares of the company traded hands, compared to its average volume of 494,950. The business has a 50 day simple moving average of $6.32 and a 200 day simple moving average of $6.79. Stagwell Inc. has a 12 month low of $5.29 and a 12 month high of $8.18. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 310.50 and a beta of 1.56.

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Analyst Ratings Changes

Several research firms recently weighed in on STGW. Wells Fargo & Company upgraded Stagwell from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $8.00 to $9.00 in a report on Friday, February 21st. Rosenblatt Securities boosted their price target on shares of Stagwell from $9.00 to $10.00 and gave the company a "buy" rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Stagwell presently has a consensus rating of "Moderate Buy" and a consensus target price 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.