ARS Investment Partners LLC Sells 61,553 Shares of Stagwell Inc. (NASDAQ:STGW)

ARS Investment Partners LLC cut its holdings in shares of Stagwell Inc. (NASDAQ:STGW) by 80.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,597 shares of the company’s stock after selling 61,553 shares during the period. ARS Investment Partners LLC’s holdings in Stagwell were worth $96,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Stagwell by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after acquiring an additional 127,099 shares during the period. Harbor Capital Advisors Inc. grew its stake in Stagwell by 2.0% in 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 last quarter. Lighthouse Investment Partners LLC bought a new position in Stagwell in the second quarter worth about $2,316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Stagwell by 4.3% during 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 valued at $1,454,000 after buying an additional 8,579 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Stagwell by 3.4% in the 2nd quarter. Sei Investments Co. now owns 181,966 shares of the company’s stock valued at $1,241,000 after buying an additional 5,918 shares in the last quarter. 35.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on STGW. Rosenblatt Securities increased their target price on shares of Stagwell from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Benchmark increased their price objective on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $7.50 target price on shares of Stagwell in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.50.

Stagwell Price Performance

Shares of STGW opened at $6.63 on Wednesday. The firm has a market capitalization of $1.75 billion, a PE ratio of 21.77 and a beta of 1.46. 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 company’s fifty day moving average price is $7.09 and its 200-day moving average price is $6.93. Stagwell Inc. has a 1-year low of $4.88 and a 1-year high of $8.18.

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.