Fox Run Management L.L.C. Makes New $239,000 Investment in Stagwell Inc. (NASDAQ:STGW)

Fox Run Management L.L.C. acquired a new stake in Stagwell Inc. (NASDAQ:STGW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,349 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors have also recently modified their holdings of STGW. Boston Partners increased its holdings in Stagwell by 4.5% in the 4th quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after buying an additional 101,318 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Stagwell by 0.4% during the fourth quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after purchasing an additional 6,992 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Stagwell by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,266,783 shares of the company’s stock valued at $8,335,000 after purchasing an additional 25,189 shares during the period. First Pacific Advisors LP boosted its holdings in Stagwell by 4.7% in the fourth quarter. First Pacific Advisors LP now owns 1,123,516 shares of the company’s stock valued at $7,393,000 after purchasing an additional 50,805 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Stagwell by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,703 shares of the company’s stock worth $5,269,000 after purchasing an additional 6,742 shares during the period. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STGW has been the subject of several analyst reports. Rosenblatt Securities boosted their price objective on Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company upgraded Stagwell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $8.00 to $9.00 in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Stagwell Stock Performance

Shares of STGW stock opened at $6.05 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 302.50 and a beta of 1.56. Stagwell Inc. has a 12-month low of $5.29 and a 12-month high of $8.18. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $6.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97.

Stagwell Company 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.