Boston Partners Has $15.37 Million Stock Holdings in Stagwell Inc. (NASDAQ:STGW)

Boston Partners increased its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,333,593 shares of the company’s stock after buying an additional 101,318 shares during the period. Boston Partners owned 0.89% of Stagwell worth $15,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paloma Partners Management Co bought a new stake in shares of Stagwell during the third quarter valued at approximately $77,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 buying an additional 6,058 shares in the last quarter. FMR LLC boosted its position in Stagwell by 370.3% in the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after buying an additional 13,252 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Stagwell in the 3rd quarter valued at $136,000. Finally, Intech Investment Management LLC bought a new stake in shares of Stagwell during the third quarter worth $136,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Analyst Ratings Changes

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

Stagwell Stock Performance

Shares of NASDAQ:STGW opened at $6.10 on Friday. The firm’s 50 day simple moving average is $6.32 and its 200 day simple moving average is $6.80. Stagwell Inc. has a fifty-two week low of $5.29 and a fifty-two week high of $8.18. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 305.00 and a beta of 1.56. 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 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.