SG Americas Securities LLC Buys Shares of 21,845 Stagwell Inc. (NASDAQ:STGW)

SG Americas Securities LLC bought a new stake in shares of Stagwell Inc. (NASDAQ:STGW) during the 3rd quarter, Holdings Channel.com reports. The fund bought 21,845 shares of the company’s stock, valued at approximately $153,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Stagwell by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 5,836,976 shares of the company’s stock valued at $36,306,000 after acquiring an additional 452,874 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stagwell by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock worth $10,344,000 after purchasing an additional 127,099 shares in the last quarter. First Pacific Advisors LP boosted its position in shares of Stagwell by 1.8% in the 2nd quarter. First Pacific Advisors LP now owns 994,033 shares of the company’s stock worth $6,779,000 after purchasing an additional 18,050 shares in the last quarter. Foundry Partners LLC boosted its position in shares of Stagwell by 11.3% in the 1st quarter. Foundry Partners LLC now owns 911,170 shares of the company’s stock worth $5,667,000 after purchasing an additional 92,154 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Stagwell by 270.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 556,430 shares of the company’s stock worth $3,795,000 after purchasing an additional 406,031 shares in the last quarter. Institutional investors own 35.61% of the company’s stock.

Stagwell Stock Performance

NASDAQ STGW opened at $6.18 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.90 and a current ratio of 0.90. Stagwell Inc. has a fifty-two week low of $3.83 and a fifty-two week high of $7.50. The stock has a 50-day simple moving average of $6.96 and a two-hundred day simple moving average of $6.71. The firm has a market capitalization of $1.66 billion, a P/E ratio of -206.00 and a beta of 1.34.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Stagwell had a negative net margin of 0.09% and a positive return on equity of 7.06%. The business had revenue of $671.20 million during the quarter, compared to analysts’ expectations of $666.61 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Stagwell’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and issued a $8.00 price objective on shares of Stagwell in a research report on Monday, August 5th. Benchmark reaffirmed a “buy” rating and set a $8.50 price target on shares of Stagwell in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 price target on shares of Stagwell in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.10.

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.