Schroder Investment Management Group Sells 452,402 Shares of Stagwell Inc. (NASDAQ:STGW)

Schroder Investment Management Group lessened its position in shares of Stagwell Inc. (NASDAQ:STGW) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,858,279 shares of the company’s stock after selling 452,402 shares during the period. Schroder Investment Management Group’s holdings in Stagwell were worth $32,065,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STGW. Boston Partners lifted its stake in Stagwell by 4.5% during the fourth quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after purchasing an additional 101,318 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Stagwell by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after buying an additional 6,992 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Stagwell by 2.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock valued at $8,335,000 after buying an additional 25,189 shares in the last quarter. JPMorgan Chase & Co. grew its position in Stagwell by 2,968.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock valued at $7,852,000 after acquiring an additional 1,154,458 shares during the last quarter. Finally, First Pacific Advisors LP raised its stake in Stagwell by 4.7% during the fourth quarter. First Pacific Advisors LP now owns 1,123,516 shares of the company’s stock worth $7,393,000 after acquiring an additional 50,805 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Stagwell Stock Down 1.0 %

NASDAQ:STGW opened at $5.99 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. Stagwell Inc. has a one year low of $5.29 and a one year high of $8.18. The firm’s 50 day simple moving average is $6.28 and its 200 day simple moving average is $6.75. The company has a market cap of $1.60 billion, a PE ratio of 299.50 and a beta of 1.56.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STGW. Wells Fargo & Company upgraded shares of Stagwell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Rosenblatt Securities raised their target price on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Stagwell has a consensus rating of “Moderate Buy” and an average price target of $8.75.

Stagwell Company 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.