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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stagwell Inc. (NASDAQ:STGW) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,100 shares of the company’s stock after purchasing an additional 8,579 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Stagwell worth $1,454,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Stagwell by 59.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after buying an additional 6,058 shares during the last quarter. FMR LLC grew its position in Stagwell by 370.3% during the 3rd quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after purchasing an additional 13,252 shares during the last quarter. Intech Investment Management LLC acquired a new position in Stagwell during the 3rd quarter valued at approximately $136,000. Principal Financial Group Inc. purchased a new position in shares of Stagwell in the third quarter worth $229,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Stagwell by 23.3% during the third quarter. Concurrent Investment Advisors LLC now owns 35,605 shares of the company’s stock valued at $250,000 after buying an additional 6,730 shares during the last quarter. 35.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Stagwell Price Performance

NASDAQ:STGW opened at $7.20 on Tuesday. The company has a 50 day moving average price of $7.22 and a 200-day moving average price of $6.96. Stagwell Inc. has a 1-year low of $4.88 and a 1-year high of $8.18. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 24.47 and a beta of 1.44. 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.