Fox Run Management L.L.C. Purchases New Holdings in Stagwell Inc. (NASDAQ:STGW)

Fox Run Management L.L.C. acquired a new position in shares of Stagwell Inc. (NASDAQ:STGW) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 36,349 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds have also made changes to their positions in the company. Paloma Partners Management Co purchased a new stake in shares of Stagwell during the third quarter worth approximately $77,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Stagwell during the fourth quarter worth $105,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stagwell by 59.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,214 shares of the company’s stock valued at $114,000 after buying an additional 6,058 shares during the last quarter. FMR LLC lifted its stake in shares of Stagwell by 370.3% in the third quarter. FMR LLC now owns 16,831 shares of the company’s stock worth $118,000 after buying an additional 13,252 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Stagwell during the third quarter worth about $136,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on STGW shares. Rosenblatt Securities increased their price objective on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company raised Stagwell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $9.00 in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Stagwell Stock Performance

Stagwell stock opened at $6.05 on Friday. The firm has a 50 day simple moving average of $6.32 and a 200-day simple moving average of $6.78. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 302.50 and a beta of 1.56. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.95 and a quick ratio of 0.95. Stagwell Inc. has a 1-year low of $5.29 and a 1-year high of $8.18.

Stagwell Company 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.