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Short Interest in Stagwell Inc. (NASDAQ:STGW) Drops By 14.9%

Defense World ·  01/30 16:01

Stagwell Inc. (NASDAQ:STGW – Get Rating) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 2,290,000 shares, a drop of 14.9% from the December 31st total of 2,690,000 shares. Based on an average daily trading volume, of 388,100 shares, the days-to-cover ratio is currently 5.9 days. Approximately 2.3% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STGW. B. Riley assumed coverage on Stagwell in a research report on Tuesday, November 15th. They set a "buy" rating and a $13.00 price objective on the stock. Stephens initiated coverage on Stagwell in a report on Monday, November 14th. They set an "overweight" rating and a $10.00 price target on the stock.

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Hedge Funds Weigh In On Stagwell

Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Stagwell during the 2nd quarter worth $33,000. Tower Research Capital LLC TRC grew its position in shares of Stagwell by 75.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,928 shares of the company's stock worth $34,000 after buying an additional 2,127 shares in the last quarter. Amalgamated Bank bought a new position in shares of Stagwell during the 1st quarter worth $56,000. Ensign Peak Advisors Inc bought a new position in shares of Stagwell during the 3rd quarter worth $60,000. Finally, SG Americas Securities LLC bought a new stake in Stagwell during the third quarter valued at about $76,000. Institutional investors own 38.00% of the company's stock.

Stagwell Stock Performance

STGW stock opened at $6.78 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. The business's fifty day simple moving average is $6.87 and its two-hundred day simple moving average is $6.90. Stagwell has a twelve month low of $4.80 and a twelve month high of $8.28. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 25.11 and a beta of 0.99.

Stagwell (NASDAQ:STGW – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.21 earnings per share for the quarter. Stagwell had a return on equity of 5.87% and a net margin of 1.33%. The business had revenue of $663.79 million for the quarter. Analysts predict that Stagwell will post 0.56 earnings per share for the current year.

About Stagwell

(Get Rating)

Stagwell, Inc operates as media and public relations agency. It delivers brands that connect culture-moving creativity with technology to harmonize the art and science of marketing. It operates through the following segments: Integrated Agencies Network, Media Network, Communications Network, All Other, and Corporate.

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