Caldwell Sutter Capital Inc. Sells 4,000 Shares of Stagwell Inc. (NASDAQ:STGW)

Caldwell Sutter Capital Inc. trimmed its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,700 shares of the company’s stock after selling 4,000 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Stagwell were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Stagwell by 15.7% in the 2nd quarter. American Century Companies Inc. now owns 122,589 shares of the company’s stock valued at $836,000 after buying an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Stagwell by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after purchasing an additional 127,099 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Stagwell by 25.1% during the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock worth $114,000 after purchasing an additional 3,360 shares during the period. Sei Investments Co. boosted its stake in Stagwell by 3.4% in the 2nd quarter. Sei Investments Co. now owns 181,966 shares of the company’s stock valued at $1,241,000 after purchasing an additional 5,918 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Stagwell by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock worth $243,000 after buying an additional 4,961 shares during the period. 35.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on STGW. Benchmark upped their price target on shares of Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $7.50 target price on shares of Stagwell in a report on Monday, October 21st. Finally, Rosenblatt Securities raised their target price on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.50.

Stagwell Stock Down 1.5 %

NASDAQ:STGW opened at $6.51 on Friday. Stagwell Inc. has a one year low of $4.88 and a one year high of $8.18. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1.71 billion, a PE ratio of 22.03 and a beta of 1.46. The firm’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $6.93.

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.