First Pacific Advisors LP Boosts Stake in Stagwell Inc. (NASDAQ:STGW)

First Pacific Advisors LP lifted its holdings in Stagwell Inc. (NASDAQ:STGW) by 4.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,123,516 shares of the company’s stock after acquiring an additional 50,805 shares during the quarter. First Pacific Advisors LP’s holdings in Stagwell were worth $7,393,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Paloma Partners Management Co bought a new stake in Stagwell during the third quarter worth $77,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $114,000 after purchasing an additional 6,058 shares during the last quarter. FMR LLC raised its stake in shares of 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. purchased a new position in shares of Stagwell in the 3rd quarter worth about $136,000. Finally, Intech Investment Management LLC bought a new position in Stagwell during the third quarter valued at about $136,000. 35.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $8.00 to $9.00 in a research report on Friday, February 21st. Rosenblatt Securities lifted their price target on shares of Stagwell from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Stagwell Price Performance

NASDAQ STGW opened at $6.23 on Monday. 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 company has a market cap of $1.64 billion, a PE ratio of 311.50 and a beta of 1.56. Stagwell Inc. has a 52 week low of $5.29 and a 52 week high of $8.18. The firm’s 50-day simple moving average is $6.38 and its two-hundred day simple moving average is $6.87.

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.