Clarius Group LLC Sells 45,000 Shares of Stagwell Inc. (NASDAQ:STGW)

Clarius Group LLC cut its position in shares of Stagwell Inc. (NASDAQ:STGW) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the company’s stock after selling 45,000 shares during the quarter. Clarius Group LLC’s holdings in Stagwell were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Stagwell by 21.7% in the first quarter. JPMorgan Chase & Co. now owns 29,273 shares of the company’s stock valued at $212,000 after purchasing an additional 5,216 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Stagwell by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 249,416 shares of the company’s stock valued at $1,806,000 after purchasing an additional 3,036 shares in the last quarter. Bank of Montreal Can grew its stake in Stagwell by 66.4% in the first quarter. Bank of Montreal Can now owns 58,256 shares of the company’s stock valued at $437,000 after purchasing an additional 23,256 shares in the last quarter. Acadian Asset Management LLC bought a new position in Stagwell in the first quarter valued at approximately $143,000. Finally, MetLife Investment Management LLC grew its stake in Stagwell by 12.2% in the first quarter. MetLife Investment Management LLC now owns 24,614 shares of the company’s stock valued at $178,000 after purchasing an additional 2,676 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

Stagwell Stock Up 0.2 %

NASDAQ:STGW opened at $5.59 on Monday. The stock has a 50 day simple moving average of $6.03 and a 200 day simple moving average of $5.63. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.75 and a quick ratio of 0.75. Stagwell Inc. has a 1-year low of $3.83 and a 1-year high of $8.59.

Stagwell (NASDAQ:STGW) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). The firm had revenue of $654.90 million for the quarter, compared to analyst estimates of $683.12 million. Stagwell had a positive return on equity of 7.38% and a negative net margin of 0.09%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. As a group, research analysts expect that Stagwell Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Stagwell

In related news, CEO Mark Jeffery Penn purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the chief executive officer now owns 2,480,469 shares in the company, valued at approximately $12,898,438.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Wade Oosterman purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $5.04 per share, for a total transaction of $25,200.00. Following the completion of the purchase, the director now owns 128,204 shares in the company, valued at approximately $646,148.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Jeffery Penn purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $5.20 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief executive officer now owns 2,480,469 shares of the company’s stock, valued at approximately $12,898,438.80. The disclosure for this purchase can be found here. 4.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

STGW has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and issued a $6.50 price target on shares of Stagwell in a research note on Friday, March 15th. TheStreet raised Stagwell from a “d+” rating to a “c-” rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Stagwell in a research report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Stagwell has a consensus rating of “Moderate Buy” and a consensus price target of $8.11.

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.