The Manufacturers Life Insurance Company lowered its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 39.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,960 shares of the company’s stock after selling 33,956 shares during the period. The Manufacturers Life Insurance Company’s holdings in DigitalBridge Group were worth $817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Pentwater Capital Management LP bought a new position in shares of DigitalBridge Group during the fourth quarter worth $176,410,000. Kryger Capital LLC bought a new stake in DigitalBridge Group in the 1st quarter valued at $102,736,000. KRYGER CAPITAL Ltd purchased a new stake in DigitalBridge Group in the 4th quarter worth $75,234,000. Soros Fund Management LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth $36,816,000. Finally, Toronto Dominion Bank bought a new position in shares of DigitalBridge Group during the 4th quarter valued at about $36,326,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.
DigitalBridge Group Stock Down 0.2%
DigitalBridge Group stock opened at $15.90 on Friday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 10.33 and a beta of 1.47. The firm’s fifty day moving average is $15.79 and its 200 day moving average is $15.61. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.95.
DigitalBridge Group Dividend Announcement
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded DigitalBridge Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DigitalBridge Group has a consensus rating of “Hold” and an average price target of $16.00.
View Our Latest Stock Analysis on DigitalBridge Group
DigitalBridge Group Company Profile
DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.
Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.
Further Reading
- Five stocks we like better than DigitalBridge Group
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. (NYSE:DBRG – Free Report).
Receive News & Ratings for DigitalBridge Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalBridge Group and related companies with MarketBeat.com's FREE daily email newsletter.
