Graham Capital Management L.P. Purchases 32,712 Shares of Stagwell Inc. (NASDAQ:STGW)

Graham Capital Management L.P. increased its stake in Stagwell Inc. (NASDAQ:STGW) by 87.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,193 shares of the company’s stock after acquiring an additional 32,712 shares during the quarter. Graham Capital Management L.P.’s holdings in Stagwell were worth $462,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Stagwell by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company’s stock worth $2,312,000 after buying an additional 1,974 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Stagwell by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 34,935 shares of the company’s stock valued at $230,000 after purchasing an additional 2,378 shares during the last quarter. Invesco Ltd. grew its stake in shares of Stagwell by 2.1% during the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company’s stock worth $1,188,000 after acquiring an additional 3,653 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Stagwell by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 578,700 shares of the company’s stock worth $3,808,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Quarry LP purchased a new position in Stagwell in the 4th quarter valued at approximately $29,000. 35.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STGW. Wells Fargo & Company decreased their price target on Stagwell from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Stagwell in a report on Thursday, April 3rd. Finally, Benchmark cut Stagwell from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.60.

Stagwell Trading Down 1.5%

NASDAQ:STGW opened at $5.27 on Friday. The company has a 50-day moving average price of $5.61 and a 200-day moving average price of $6.40. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -527.00 and a beta of 1.51. Stagwell Inc. has a 12 month low of $4.69 and a 12 month high of $8.18.

Stagwell (NASDAQ:STGW) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). Stagwell had a return on equity of 8.03% and a net margin of 0.01%. The business had revenue of $651.74 million during the quarter, compared to analysts’ expectations of $686.46 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts predict that Stagwell Inc. will post 0.59 EPS 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.