Iridian Asset Management LLC CT Has $4.12 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Iridian Asset Management LLC CT reduced its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 365,504 shares of the company’s stock after selling 22,323 shares during the period. Iridian Asset Management LLC CT owned 0.21% of DigitalBridge Group worth $4,123,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in DigitalBridge Group during the 3rd quarter worth $34,000. Spire Wealth Management acquired a new position in shares of DigitalBridge Group during the 4th quarter worth about $37,000. Blue Trust Inc. boosted its stake in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after purchasing an additional 2,408 shares during the period. nVerses Capital LLC grew its holdings in DigitalBridge Group by 145.5% in the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company’s stock valued at $76,000 after buying an additional 3,200 shares during the last quarter. Finally, KBC Group NV increased its position in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after buying an additional 2,750 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 0.1 %

DBRG stock opened at $10.92 on Friday. DigitalBridge Group, Inc. has a 1-year low of $10.24 and a 1-year high of $20.99. The business’s 50 day moving average is $11.44 and its 200-day moving average is $12.86. The firm has a market cap of $1.90 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.97 and a beta of 1.91.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DBRG. JMP Securities started coverage on DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective for the company. Raymond James decreased their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Truist Financial cut their price target on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $16.67.

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.