AltraVue Capital LLC recently announced the acquisition of new stake in Stagwell Inc (NASDAQ:STGW). The institutional investor has increased its shareholding in the Communication Services company by 27.86% to 2.38 million shares with purchase of 0.52 million shares. This fresh investment now brings its stake to 1.97% valued currently at $11.94 million. In addition, Penn Capital Management Co LLC raised its holdings by 0.29 million to 1.92 million shares.
With over 0.47 million Stagwell Inc (STGW) shares trading Friday and a closing price of $6.42 on the day, the dollar volume was approximately $3.04 million. The shares have shown a negative half year performance of -12.89% and its price on 12/22/23 gained nearly 1.74%. Currently, there are 131.72M common shares owned by the public and among those 115.46M shares have been available to trade.
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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 49,978,180 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 56,216,770 shares.
The top 3 mutual fund holders in Stagwell Inc are American Beacon Small Cap Value F, Hotchkis & Wiley Small Cap Value, and Hotchkis & Wiley Value Opportunit. American Beacon Small Cap Value F owns 5.53 million shares of the company’s stock, all valued at over $27.74 million. Hotchkis & Wiley Small Cap Value bought 0.5 million shares to see its total holdings expand to 4.82 million shares valued at over $24.21 million and representing 4.00% of the shares outstanding. Hotchkis & Wiley Value Opportunit now owns shares totaling to 1.72% of the shares outstanding.
Shares of Stagwell Inc (NASDAQ: STGW) opened at $6.35, up $0.04 from a prior closing price of $6.31. However, the script later moved the day high at 6.44, up 1.74%. The company’s stock has a 5-day price change of 5.59% and 39.87% over the past three months. STGW shares are trading 3.38% year to date (YTD), with the 12-month market performance down to -3.17% lower. It has a 12-month low price of $3.83 and touched a high of $9.23 over the same period. STGW has an average intraday trading volume of 837.99K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.86%, 30.83%, and 8.91% respectively.
Institutional ownership of Stagwell Inc (NASDAQ: STGW) shares accounts for 78.90% of the company’s 131.72M shares outstanding. Mutual fund holders own 34.48%, while other institutional holders and individual stakeholders account for 54.47% and 29.04% respectively.
It has a market capitalization of $774.44M and a beta (3y monthly) value of 1.11. The earnings-per-share (ttm) stands at -$0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.93% over the week and 4.21% over the month.
Analysts forecast that Stagwell Inc (STGW) will achieve an EPS of $0.27 for the current quarter, $0.16 for the next quarter and $0.91 for 2024. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.98%, and 13.96% over the next financial year. EPS should grow at an annualized rate of 6.00% over the next five years, compared to -45.78% over the past 5-year period.
Looking at the support for the STGW, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on October 06, 2023, with the firm’s price target at $8.
