My Personal CFO LLC Cuts Position in Stagwell Inc. (NASDAQ:STGW)

My Personal CFO LLC trimmed its position in shares of Stagwell Inc. (NASDAQ:STGW) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,029 shares of the company’s stock after selling 12,411 shares during the period. Stagwell makes up approximately 1.9% of My Personal CFO LLC’s holdings, making the stock its 13th biggest holding. My Personal CFO LLC’s holdings in Stagwell were worth $3,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its stake in Stagwell by 304.6% during the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after acquiring an additional 101,201 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stagwell by 4.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock valued at $1,454,000 after purchasing an additional 8,579 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Stagwell during the 3rd quarter valued at $229,000. FMR LLC lifted its position in Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after buying an additional 13,252 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Stagwell by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock worth $10,344,000 after buying an additional 127,099 shares during the period. 35.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

STGW has been the topic of several recent analyst reports. Rosenblatt Securities increased their target price on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Benchmark boosted their target price on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $7.50 price target on shares of Stagwell in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Stagwell Price Performance

Shares of STGW stock opened at $6.24 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 21.77 and a beta of 1.46. The company’s 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $6.91. 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.

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.