SG Americas Securities LLC Sells 25,587 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

SG Americas Securities LLC cut its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,582 shares of the company's stock after selling 25,587 shares during the quarter. SG Americas Securities LLC's holdings in DigitalBridge Group were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DBRG. Meeder Asset Management Inc. purchased a new position in DigitalBridge Group during the 3rd quarter worth approximately $34,000. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after purchasing an additional 2,408 shares in the last quarter. Ellis Investment Partners LLC increased its stake in DigitalBridge Group by 5.7% in the 3rd quarter. Ellis Investment Partners LLC now owns 46,426 shares of the company's stock valued at $656,000 after buying an additional 2,500 shares during the period. Cetera Investment Advisers grew its holdings in shares of DigitalBridge Group by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 81,447 shares of the company's stock valued at $1,116,000 after acquiring an additional 2,747 shares in the last quarter. Finally, Atria Investments Inc grew its stake in DigitalBridge Group by 27.3% in the third quarter. Atria Investments Inc now owns 13,569 shares of the company's stock valued at $192,000 after purchasing an additional 2,913 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 0.7 %

Shares of DBRG traded down $0.08 on Tuesday, reaching $10.50. 2,172,606 shares of the company's stock were exchanged, compared to its average volume of 2,195,471. DigitalBridge Group, Inc. has a 12 month low of $10.24 and a 12 month high of $20.99. The stock has a market capitalization of $1.83 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.95 and a beta of 1.91. The business has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $12.79.

Analysts Set New Price Targets

Several equities research analysts recently commented on DBRG shares. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target for the company. Truist Financial decreased their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their target price on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Finally, Raymond James lowered their price target on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.67.

About DigitalBridge Group

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.