Pacer Advisors Inc. Has $15.70 Million Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Pacer Advisors Inc. raised its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 26.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,392,199 shares of the company's stock after purchasing an additional 293,317 shares during the period. Pacer Advisors Inc. owned approximately 0.80% of DigitalBridge Group worth $15,704,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of DigitalBridge Group during the 3rd quarter valued at about $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group in the third quarter valued at approximately $35,000. Blue Trust Inc. lifted its stake in DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after buying an additional 2,408 shares in the last quarter. nVerses Capital LLC increased its position in shares of DigitalBridge Group by 145.5% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the company's stock worth $76,000 after acquiring an additional 3,200 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after acquiring an additional 2,750 shares during the period. Institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DBRG shares. JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price for the company. B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Raymond James reduced their price target on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research report on Tuesday, November 5th. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $16.67.

DigitalBridge Group Price Performance

DBRG stock traded up $0.13 during trading hours on Friday, reaching $10.99. The stock had a trading volume of 2,078,913 shares, compared to its average volume of 2,141,462. The stock has a 50-day simple moving average of $11.61 and a 200 day simple moving average of $12.94. DigitalBridge Group, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $20.99. The stock has a market capitalization of $1.91 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 2.83 and a beta of 1.91.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.