Caldwell Sutter Capital Inc. Has $353,000 Stock Holdings in Stagwell Inc. (NASDAQ:STGW)

Caldwell Sutter Capital Inc. reduced its holdings in Stagwell Inc. (NASDAQ:STGW) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,700 shares of the company’s stock after selling 4,000 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Stagwell were worth $353,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Stagwell by 15.7% during the 2nd quarter. American Century Companies Inc. now owns 122,589 shares of the company’s stock worth $836,000 after buying an additional 16,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Stagwell by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,516,844 shares of the company’s stock valued at $10,344,000 after purchasing an additional 127,099 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Stagwell by 25.1% during the second quarter. Hsbc Holdings PLC now owns 16,757 shares of the company’s stock valued at $114,000 after purchasing an additional 3,360 shares during the period. Sei Investments Co. boosted its position in shares of Stagwell by 3.4% during the 2nd quarter. Sei Investments Co. now owns 181,966 shares of the company’s stock worth $1,241,000 after purchasing an additional 5,918 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Stagwell by 16.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,681 shares of the company’s stock valued at $243,000 after buying an additional 4,961 shares during the period. 35.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on STGW. 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. Rosenblatt Securities upped their target price on shares of Stagwell from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, Benchmark raised their target price on Stagwell from $8.50 to $9.50 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Stagwell Price Performance

Stagwell stock opened at $6.51 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.97. The stock has a market cap of $1.71 billion, a P/E ratio of 22.03 and a beta of 1.46. The company’s 50 day moving average price is $7.05 and its two-hundred day moving average price is $6.93. Stagwell Inc. has a 52 week low of $4.88 and a 52 week high of $8.18.

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.