Advisor Resource Council Takes $608,000 Position in Stagwell Inc. (NASDAQ:STGW)

Advisor Resource Council purchased a new stake in shares of Stagwell Inc. (NASDAQ:STGW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 105,363 shares of the company's stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Stagwell by 2,968.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company's stock valued at $7,852,000 after buying an additional 1,154,458 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Stagwell by 30.2% in the first quarter. Harbor Capital Advisors Inc. now owns 1,648,791 shares of the company's stock valued at $9,975,000 after acquiring an additional 382,008 shares in the last quarter. 683 Capital Management LLC increased its stake in shares of Stagwell by 94.8% during the fourth quarter. 683 Capital Management LLC now owns 750,000 shares of the company's stock valued at $4,935,000 after acquiring an additional 365,000 shares during the period. First Trust Advisors LP acquired a new position in shares of Stagwell during the fourth quarter valued at approximately $1,316,000. Finally, Northern Trust Corp raised its holdings in Stagwell by 24.2% during the fourth quarter. Northern Trust Corp now owns 950,179 shares of the company's stock worth $6,252,000 after purchasing an additional 185,103 shares in the last quarter. 35.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on STGW shares. Wells Fargo & Company decreased their price target on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Benchmark cut Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $9.00 target price on shares of Stagwell in a report on Thursday, April 3rd. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $10.00 price target on shares of Stagwell in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.60.

Stagwell Stock Down 4.5%

Shares of STGW traded down $0.20 during trading hours on Wednesday, reaching $4.29. The company's stock had a trading volume of 1,022,054 shares, compared to its average volume of 679,780. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.88. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 9.98 and a beta of 1.44. The company has a 50 day moving average of $4.99 and a two-hundred day moving average of $5.84. Stagwell Inc. has a 1-year low of $4.03 and a 1-year high of $8.18.

Stagwell (NASDAQ:STGW - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.05). The firm had revenue of $651.74 million during the quarter, compared to analysts' expectations of $686.46 million. Stagwell had a net margin of 0.02% and a return on equity of 15.38%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. As a group, research analysts predict that Stagwell Inc. will post 0.59 EPS for the current fiscal year.

Insider Activity at Stagwell

In related news, Director Eli Samaha bought 425,757 shares of Stagwell stock in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $1,817,982.39. Following the acquisition, the director now owns 7,774,322 shares in the company, valued at $33,196,354.94. This trade represents a 5.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charlene Barshefsky purchased 24,350 shares of the stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of $4.30 per share, for a total transaction of $104,705.00. Following the acquisition, the director now owns 185,316 shares of the company's stock, valued at approximately $796,858.80. The trade was a 15.13% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 702,193 shares of company stock valued at $3,044,496. Insiders own 5.60% of the company's stock.

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.