First Pacific Advisors LP Acquires 68,402 Shares of Stagwell Inc. (NASDAQ:STGW)

First Pacific Advisors LP increased its stake in Stagwell Inc. (NASDAQ:STGW - Free Report) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,191,918 shares of the company's stock after purchasing an additional 68,402 shares during the quarter. First Pacific Advisors LP owned about 0.45% of Stagwell worth $7,211,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quarry LP acquired a new stake in Stagwell during the 4th quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Stagwell during the 4th quarter worth about $69,000. BNP Paribas Financial Markets acquired a new stake in Stagwell during the 4th quarter worth about $75,000. Teacher Retirement System of Texas acquired a new stake in Stagwell during the 1st quarter worth about $86,000. Finally, Squarepoint Ops LLC acquired a new stake in Stagwell during the 4th quarter worth about $96,000. Institutional investors and hedge funds own 35.61% of the company's stock.

Stagwell Stock Performance

Shares of NASDAQ STGW traded up $0.03 during trading hours on Monday, reaching $5.43. The stock had a trading volume of 372,948 shares, compared to its average volume of 980,194. The business's fifty day moving average is $4.66 and its two-hundred day moving average is $5.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -542.50 and a beta of 1.39. Stagwell Inc. has a twelve month low of $4.03 and a twelve month 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 analyst estimates 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 in the previous year, the company posted $0.16 earnings per share. As a group, research analysts expect that Stagwell Inc. will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

STGW has been the topic of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and set a $10.00 price objective on shares of Stagwell in a report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $6.36 target price on shares of Stagwell in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their target price on Stagwell from $9.00 to $8.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Benchmark cut Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th.

Insider Activity at Stagwell

In other news, Director Eli Samaha bought 425,757 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $4.27 per share, with a total value of $1,817,982.39. Following the transaction, the director owned 7,774,322 shares in the company, valued at $33,196,354.94. This represents a 5.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Jeffery Penn bought 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $4.87 per share, for a total transaction of $48,700.00. Following the transaction, the chief executive officer owned 9,014,055 shares in the company, valued at $43,898,447.85. The trade was a 0.11% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 702,193 shares of company stock worth $3,044,496 over the last 90 days. Insiders own 3.80% of the company's stock.

About Stagwell

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.