Cubist Systematic Strategies LLC Invests $159,000 in Stagwell Inc. (NASDAQ:STGW)

Cubist Systematic Strategies LLC bought a new position in shares of Stagwell Inc. (NASDAQ:STGW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,103 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners increased its position in shares of Stagwell by 4.5% during the fourth quarter. Boston Partners now owns 2,333,593 shares of the company’s stock worth $15,369,000 after acquiring an additional 101,318 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Stagwell by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,730,153 shares of the company’s stock worth $11,385,000 after purchasing an additional 51,341 shares in the last quarter. New York State Common Retirement Fund grew its position in Stagwell by 0.4% in the 4th quarter. New York State Common Retirement Fund now owns 1,612,333 shares of the company’s stock worth $10,609,000 after purchasing an additional 6,992 shares in the last quarter. JPMorgan Chase & Co. grew its position in Stagwell by 2,968.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,193,355 shares of the company’s stock worth $7,852,000 after purchasing an additional 1,154,458 shares in the last quarter. Finally, First Pacific Advisors LP grew its position in Stagwell by 4.7% in the 4th quarter. First Pacific Advisors LP now owns 1,123,516 shares of the company’s stock worth $7,393,000 after purchasing an additional 50,805 shares in the last quarter. 35.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STGW. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Stagwell in a research report on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on shares of Stagwell from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, May 12th. Benchmark downgraded shares of Stagwell from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Stagwell in a research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.60.

Stagwell Stock Up 0.6%

STGW opened at $5.30 on Monday. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of -530.00 and a beta of 1.51. Stagwell Inc. has a twelve month low of $4.69 and a twelve month high of $8.18. The company’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $6.39.

Stagwell (NASDAQ:STGW) last released its earnings results on Thursday, May 8th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). The company had revenue of $651.74 million during the quarter, compared to analysts’ expectations of $686.46 million. Stagwell had a net margin of 0.01% and a return on equity of 8.03%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, equities analysts expect that Stagwell Inc. will post 0.59 earnings per share for the current year.

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.