Hillsdale Investment Management Inc. Buys 4,200 Shares of Stagwell Inc. (NASDAQ:STGW)

Hillsdale Investment Management Inc. boosted its stake in Stagwell Inc. (NASDAQ:STGW) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 578,700 shares of the company’s stock after buying an additional 4,200 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Stagwell were worth $3,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STGW. Boston Partners lifted its position in shares of Stagwell by 4.5% in the fourth quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after buying an additional 101,318 shares in the last quarter. Barclays PLC increased its stake in Stagwell by 304.6% in the 3rd quarter. Barclays PLC now owns 134,421 shares of the company’s stock worth $944,000 after acquiring an additional 101,201 shares during the last quarter. First Pacific Advisors LP raised its holdings in shares of Stagwell by 4.7% during the 4th quarter. First Pacific Advisors LP now owns 1,123,516 shares of the company’s stock worth $7,393,000 after acquiring an additional 50,805 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Stagwell during the 4th quarter valued at approximately $293,000. Finally, Portfolio Design Labs LLC purchased a new position in shares of Stagwell in the fourth quarter valued at $271,000. Institutional investors own 35.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on STGW. Wells Fargo & Company raised shares of Stagwell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.00 to $9.00 in a research note on Friday, February 21st. Rosenblatt Securities increased their price target on shares of Stagwell from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.75.

Stagwell Stock Performance

STGW stock opened at $6.10 on Friday. Stagwell Inc. has a twelve month low of $5.29 and a twelve month high of $8.18. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 305.00 and a beta of 1.56. 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 firm’s fifty day simple moving average is $6.32 and its two-hundred day simple moving average is $6.79.

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.