SG Americas Securities LLC Invests $153,000 in Stagwell Inc. (NASDAQ:STGW)

SG Americas Securities LLC acquired a new position in Stagwell Inc. (NASDAQ:STGW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,845 shares of the company’s stock, valued at approximately $153,000.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in Stagwell during the second quarter valued at approximately $29,000. Hsbc Holdings PLC boosted its stake in Stagwell by 25.1% during the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after buying an additional 3,360 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Stagwell by 44.4% during the second quarter. Concurrent Investment Advisors LLC now owns 28,875 shares of the company’s stock valued at $197,000 after buying an additional 8,875 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Stagwell by 16.1% during the second quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after buying an additional 4,961 shares during the last quarter. Finally, Allegheny Financial Group LTD boosted its stake in Stagwell by 5.8% during the second 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 during the last quarter. Institutional investors own 35.61% of the company’s stock.

Analyst Upgrades and Downgrades

STGW has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $8.50 price target on shares of Stagwell in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $7.50 price objective on shares of Stagwell in a research report on Monday. Finally, Rosenblatt Securities restated a “buy” rating and set a $8.00 price objective on shares of Stagwell in a research report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.10.

Stagwell Trading Down 1.1 %

Shares of 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. The business’s 50 day moving average price is $6.96 and its 200-day moving average price is $6.71. Stagwell Inc. has a fifty-two week low of $3.83 and a fifty-two week high of $7.50. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -206.00 and a beta of 1.34.

Stagwell (NASDAQ:STGW) last issued 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). The business had revenue of $671.20 million during the quarter, compared to analysts’ expectations of $666.61 million. Stagwell had a positive return on equity of 7.06% and a negative net margin of 0.09%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current year.

Stagwell Profile

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.