Coldstream Capital Management Inc. Increases Holdings in Stagwell Inc. (NASDAQ:STGW)

Coldstream Capital Management Inc. increased its stake in Stagwell Inc. (NASDAQ:STGW) by 322.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,787 shares of the company’s stock after acquiring an additional 57,070 shares during the period. Coldstream Capital Management Inc.’s holdings in Stagwell were worth $492,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Stagwell by 15.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 530,817 shares of the company’s stock worth $3,494,000 after purchasing an additional 72,708 shares during the period. Tower Research Capital LLC TRC boosted its stake in Stagwell by 345.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,295 shares of the company’s stock worth $140,000 after buying an additional 16,510 shares during the period. MetLife Investment Management LLC increased its position in Stagwell by 19.7% during the fourth quarter. MetLife Investment Management LLC now owns 51,630 shares of the company’s stock valued at $340,000 after acquiring an additional 8,482 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Stagwell by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company’s stock valued at $11,385,000 after acquiring an additional 51,341 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Stagwell in the 4th quarter worth about $1,316,000. 35.61% of the stock is owned by institutional investors.

Stagwell Price Performance

STGW opened at $5.66 on Wednesday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 283.00 and a beta of 1.32. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. Stagwell Inc. has a 12-month low of $4.75 and a 12-month high of $8.18. The business’s fifty day simple moving average is $5.83 and its 200-day simple moving average is $6.49.

Analyst Ratings Changes

STGW has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $8.00 to $9.00 in a research note on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 target price on shares of Stagwell in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Stagwell has a consensus rating of “Moderate Buy” and an average target price of $9.08.

About Stagwell

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.