6 days Ago By ABMN Staff
Pictet Asset Management Holding SA increased its holdings in Stagwell Inc. ( NASDAQ:STGW – Free Report ) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 19,468 shares of the company’s stock after purchasing an additional 4,609 shares during the period. Pictet Asset Management Holding SA’s holdings in Stagwell were worth $128,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in the business.
JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 1,154,458 shares during the last quarter. Prudential Financial Inc.
acquired a new position in Stagwell during the fourth quarter worth approximately $442,000. LPL Financial LLC purchased a new position in Stagwell during the fourth quarter worth approximately $240,000. Fox Run Management L.
L.C. acquired a new position in shares of Stagwell in the 4th quarter valued at $239,000.
Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Stagwell during the 4th quarter valued at $105,000. 35.61% of the stock is currently owned by institutional investors and hedge funds.
Stagwell Stock Performance Stagwell stock opened at $5.18 on Friday. Stagwell Inc.
has a one year low of $4.75 and a one year high of $8.18.
The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.95 and a current ratio of 0.
95. The firm has a market capitalization of $1.38 billion, a PE ratio of 259.
00 and a beta of 1.32. The stock’s 50 day moving average price is $6.
05 and its 200 day moving average price is $6.62. Analyst Ratings Changes Check Out Our Latest Research Report on Stagwell Stagwell Profile ( Free Report ) 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. Read More Receive News & Ratings for Stagwell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stagwell and related companies with MarketBeat.
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