Manchester Capital Management LLC Raises Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Manchester Capital Management LLC lifted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 172.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,372 shares of the company’s stock after acquiring an additional 2,765 shares during the period. Manchester Capital Management LLC’s holdings in DigitalBridge Group were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group during the third quarter worth about $34,000. Blue Trust Inc. grew its position in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares during the last quarter. Stoneridge Investment Partners LLC grew its position in DigitalBridge Group by 22.5% during the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after acquiring an additional 2,408 shares during the last quarter. Ellis Investment Partners LLC grew its position in DigitalBridge Group by 5.7% during the third quarter. Ellis Investment Partners LLC now owns 46,426 shares of the company’s stock valued at $656,000 after acquiring an additional 2,500 shares during the last quarter. Finally, KBC Group NV grew its position in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DBRG. B. Riley reduced their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 price target on the stock. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Stock Performance

Shares of DigitalBridge Group stock opened at $10.18 on Friday. DigitalBridge Group, Inc. has a 52-week low of $10.15 and a 52-week high of $20.79. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.95 and a beta of 1.91. The company’s 50 day moving average price is $11.13 and its 200-day moving average price is $12.69.

About DigitalBridge Group

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.