UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Stagwell Inc. (NASDAQ:STGW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 207,100 shares of the company’s stock after acquiring an additional 8,579 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Stagwell were worth $1,454,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allegheny Financial Group LTD lifted its stake in Stagwell by 5.8% in the 2nd quarter. Allegheny Financial Group LTD now owns 44,327 shares of the company’s stock valued at $302,000 after buying an additional 2,423 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Stagwell by 25.1% in the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after acquiring an additional 3,360 shares during the last quarter. Quarry LP purchased a new stake in shares of Stagwell during the second quarter worth approximately $29,000. The Manufacturers Life Insurance Company raised its stake in Stagwell by 16.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after purchasing an additional 4,961 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Stagwell by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 142,375 shares of the company’s stock valued at $971,000 after purchasing an additional 5,461 shares in the last quarter. Institutional investors and hedge funds own 35.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STGW shares. Benchmark raised their price target on shares of Stagwell from $8.50 to $9.50 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. Finally, Rosenblatt Securities increased their price target on Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Stagwell Price Performance

Shares of NASDAQ:STGW opened at $7.20 on Tuesday. Stagwell Inc. has a 12 month low of $4.88 and a 12 month high of $8.18. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.47 and a beta of 1.44. The business’s 50 day simple moving average is $7.22 and its 200-day simple moving average is $6.96. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95.

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.