National Bank of Canada FI decreased its holdings in Stagwell Inc. (NASDAQ:STGW - Free Report) by 34.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,124 shares of the company's stock after selling 158,970 shares during the quarter. National Bank of Canada FI owned about 0.11% of Stagwell worth $1,971,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in STGW. FMR LLC grew its holdings in Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company's stock valued at $118,000 after purchasing an additional 13,252 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Stagwell by 4.3% in the 3rd 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. Jane Street Group LLC increased its position in Stagwell by 37.1% during the third quarter. Jane Street Group LLC now owns 149,506 shares of the company's stock worth $1,050,000 after buying an additional 40,439 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Stagwell by 304.6% in the third quarter. Barclays PLC now owns 134,421 shares of the company's stock worth $944,000 after acquiring an additional 101,201 shares during the last quarter. Hedge funds and other institutional investors own 35.61% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on STGW. Needham & Company LLC reissued a "buy" rating and issued a $9.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Benchmark reaffirmed a "buy" rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.08.
Check Out Our Latest Report on STGW
Stagwell Stock Up 3.1 %
Shares of Stagwell stock traded up $0.16 on Monday, hitting $5.34. 86,046 shares of the company's stock traded hands, compared to its average volume of 511,035. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The firm's 50-day moving average is $6.05 and its 200 day moving average is $6.62. The stock has a market cap of $1.42 billion, a P/E ratio of 267.15 and a beta of 1.32. Stagwell Inc. has a 52-week low of $4.75 and a 52-week high of $8.18.
Stagwell Company Profile
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Free Report)
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.
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