Harbor Capital Advisors Inc. Purchases 25,189 Shares of Stagwell Inc. (NASDAQ:STGW)

Harbor Capital Advisors Inc. raised its holdings in shares of Stagwell Inc. (NASDAQ:STGW) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,266,783 shares of the company’s stock after acquiring an additional 25,189 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.48% of Stagwell worth $8,335,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Lighthouse Investment Partners LLC purchased a new stake in Stagwell during the 2nd quarter valued at approximately $2,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Stagwell by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 207,100 shares of the company’s stock worth $1,454,000 after purchasing an additional 8,579 shares during the last quarter. Barclays PLC lifted its position in shares of Stagwell by 304.6% in the third quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after buying an additional 101,201 shares in the last quarter. FMR LLC boosted its stake in Stagwell by 370.3% during the third quarter. FMR LLC now owns 16,831 shares of the company’s stock valued at $118,000 after buying an additional 13,252 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Stagwell by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after buying an additional 127,099 shares in the last quarter. 35.61% of the stock is currently owned by hedge funds and other institutional investors.

Stagwell Trading Down 6.1 %

Shares of NASDAQ:STGW traded down $0.38 during trading hours on Friday, hitting $5.83. 89,949 shares of the company’s stock traded hands, compared to its average volume of 304,801. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $7.22 and a 200-day moving average price of $6.95. Stagwell Inc. has a 1 year low of $4.88 and a 1 year high of $8.18. The firm has a market capitalization of $1.53 billion, a P/E ratio of 21.57 and a beta of 1.46.

Analyst Upgrades and Downgrades

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

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.