Private Management Group Inc. Has $16.74 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Private Management Group Inc. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,483,594 shares of the company’s stock after buying an additional 63,884 shares during the quarter. Private Management Group Inc. owned about 0.85% of DigitalBridge Group worth $16,735,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of DigitalBridge Group by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 94,155 shares of the company’s stock valued at $1,290,000 after acquiring an additional 4,005 shares during the last quarter. Algert Global LLC bought a new stake in DigitalBridge Group during the second quarter worth approximately $225,000. Truist Financial Corp acquired a new position in DigitalBridge Group during the second quarter valued at approximately $476,000. Cetera Investment Advisers raised its position in shares of DigitalBridge Group by 3.5% in the second quarter. Cetera Investment Advisers now owns 81,447 shares of the company’s stock valued at $1,116,000 after purchasing an additional 2,747 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of DigitalBridge Group by 34.7% in the third quarter. Handelsbanken Fonder AB now owns 46,600 shares of the company’s stock worth $658,000 after buying an additional 12,000 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Up 1.5 %

DigitalBridge Group stock opened at $10.92 on Thursday. The business has a 50 day moving average price of $11.48 and a two-hundred day moving average price of $12.87. DigitalBridge Group, Inc. has a 12 month low of $10.24 and a 12 month high of $20.99. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.97 and a beta of 1.91.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DBRG. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Truist Financial dropped their price objective on DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price objective on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Raymond James lowered their target price on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. Finally, JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target for the company. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, DigitalBridge Group has an average rating of “Buy” and a consensus target price of $16.67.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.