Stagwell Inc. (NASDAQ:STGW) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Stagwell Inc. (NASDAQ:STGW - Free Report) by 47.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 305,467 shares of the company's stock after buying an additional 98,367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of Stagwell worth $2,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its position in shares of Stagwell by 0.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 622,361 shares of the company's stock worth $4,095,000 after buying an additional 1,759 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Stagwell by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,944 shares of the company's stock worth $322,000 after acquiring an additional 1,892 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Stagwell by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 351,397 shares of the company's stock worth $2,312,000 after acquiring an additional 1,974 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Stagwell by 7.3% in the 4th quarter. Principal Financial Group Inc. now owns 34,935 shares of the company's stock valued at $230,000 after purchasing an additional 2,378 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Stagwell by 2.1% in the 4th quarter. Invesco Ltd. now owns 180,472 shares of the company's stock valued at $1,188,000 after purchasing an additional 3,653 shares in the last quarter. 35.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Stagwell news, Director Eli Samaha bought 240,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $4.43 per share, with a total value of $1,063,200.00. Following the completion of the acquisition, the director now owns 8,014,322 shares of the company's stock, valued at approximately $35,503,446.46. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Jeffery Penn purchased 10,000 shares of Stagwell stock in a transaction dated Wednesday, May 21st. The stock was acquired at an average price of $4.87 per share, for a total transaction of $48,700.00. Following the completion of the transaction, the chief executive officer now owns 9,014,055 shares in the company, valued at approximately $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 purchased a total of 702,193 shares of company stock worth $3,044,496 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Stagwell Price Performance

STGW stock traded up $0.06 on Monday, reaching $4.55. The company had a trading volume of 1,559,644 shares, compared to its average volume of 633,711. Stagwell Inc. has a 1 year low of $4.03 and a 1 year high of $8.18. The company has a market cap of $1.22 billion, a P/E ratio of -455.00 and a beta of 1.44. The company's fifty day moving average is $5.17 and its 200 day moving average is $6.11. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.95.

Stagwell (NASDAQ:STGW - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.05). The business had revenue of $651.74 million for the quarter, compared to analyst estimates of $686.46 million. Stagwell had a return on equity of 8.03% and a net margin of 0.01%. Stagwell's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. On average, research analysts forecast that Stagwell Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on STGW shares. Benchmark downgraded shares of Stagwell from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Rosenblatt Securities restated a "buy" rating and set a $10.00 price target on shares of Stagwell in a research note on Thursday, April 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $9.00 price objective on shares of Stagwell in a research note on Thursday, April 3rd. Finally, Wells Fargo & Company decreased their price objective on Stagwell from $9.00 to $8.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.60.

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.