Boston Partners Acquires 950,913 Shares of Stagwell Inc. $STGW

Boston Partners boosted its stake in shares of Stagwell Inc. (NASDAQ:STGW) by 40.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,273,852 shares of the company’s stock after buying an additional 950,913 shares during the period. Boston Partners owned 1.22% of Stagwell worth $15,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of Stagwell by 43.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 9,981 shares of the company’s stock worth $45,000 after acquiring an additional 3,003 shares in the last quarter. Vident Advisory LLC bought a new position in Stagwell in the first quarter worth about $64,000. AQR Capital Management LLC purchased a new stake in shares of Stagwell during the first quarter valued at about $74,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Stagwell during the second quarter valued at about $76,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Stagwell in the 1st quarter valued at about $86,000. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Stagwell Stock Performance

Shares of STGW stock opened at $4.84 on Friday. The business has a fifty day moving average of $5.20 and a 200 day moving average of $5.11. Stagwell Inc. has a 1 year low of $4.03 and a 1 year high of $8.18. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 80.67 and a beta of 1.51.

Stagwell (NASDAQ:STGW) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Stagwell had a positive return on equity of 14.54% and a negative net margin of 0.06%.The business had revenue of $743.00 million for the quarter, compared to analyst estimates of $743.11 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Stagwell has set its FY 2025 guidance at 0.750-0.880 EPS. As a group, research analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Rosenblatt Securities reduced their price objective on shares of Stagwell from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Stagwell from a “buy” rating to a “hold” rating in a report on Friday, August 22nd. Morgan Stanley decreased their price objective on Stagwell from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Stagwell in a research report on Wednesday, October 8th. Finally, Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Stagwell presently has a consensus rating of “Hold” and a consensus price target of $8.15.

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.