Cidel Asset Management Inc. Sells 161,254 Shares of Stagwell Inc. $STGW

Cidel Asset Management Inc. trimmed its position in Stagwell Inc. (NASDAQ:STGW) by 7.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,878,426 shares of the company’s stock after selling 161,254 shares during the period. Cidel Asset Management Inc.’s holdings in Stagwell were worth $13,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of STGW. Kestra Advisory Services LLC bought a new stake in shares of Stagwell in the fourth quarter valued at about $26,000. Clearstead Advisors LLC grew its stake in shares of Stagwell by 186.2% in the fourth quarter. Clearstead Advisors LLC now owns 7,020 shares of the company’s stock valued at $34,000 after acquiring an additional 4,567 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Stagwell by 311.8% during the second quarter. Tower Research Capital LLC TRC now owns 10,790 shares of the company’s stock worth $49,000 after acquiring an additional 8,170 shares during the period. Inceptionr LLC acquired a new stake in Stagwell in the 4th quarter worth about $50,000. Finally, New York State Teachers Retirement System acquired a new stake in Stagwell in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 35.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Stagwell from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Needham & Company LLC lifted their price target on shares of Stagwell from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Stagwell from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 13th. Zacks Research raised Stagwell from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Company raised their price objective on Stagwell from $8.00 to $10.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Stagwell Stock Down 1.1%

NASDAQ STGW opened at $8.67 on Wednesday. The business has a fifty day moving average price of $8.31 and a two-hundred day moving average price of $7.01. The stock has a market capitalization of $2.12 billion, a PE ratio of 144.50 and a beta of 1.22. Stagwell Inc. has a fifty-two week low of $4.28 and a fifty-two week high of $9.55. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.81.

Stagwell (NASDAQ:STGW) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. Stagwell had a return on equity of 27.30% and a net margin of 0.53%.The company had revenue of $786.31 million during the quarter, compared to analysts’ expectations of $754.56 million. During the same quarter in the previous year, the firm earned $0.17 EPS. Stagwell’s revenue was up 11.2% on a year-over-year basis. Stagwell has set its FY 2026 guidance at 1.030-1.170 EPS. Equities analysts expect that Stagwell Inc. will post 0.92 earnings per share for the current fiscal year.

Insider Transactions at Stagwell

In other Stagwell news, insider Frank Lanuto sold 62,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $8.46, for a total transaction of $524,520.00. Following the completion of the transaction, the insider owned 491,977 shares of the company’s stock, valued at approximately $4,162,125.42. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Stagwell Company Profile

Stagwell Inc is a modern marketing and communications network that partners with global organizations to drive brand growth through data-driven insights and creative solutions. The company operates a diversified portfolio of specialized agencies and technology platforms, offering services that span digital marketing, advertising, public relations, consumer and market research, social media strategy, and commerce consulting. By integrating research, creative, media, and technology under a unified network, Stagwell aims to deliver end-to-end marketing solutions tailored to the evolving needs of clients in sectors such as technology, healthcare, consumer goods, and financial services.

Founded in 2015 by long-time political strategist and pollster Mark Penn, Stagwell has expanded organically and through strategic acquisitions to build capabilities across the marketing value chain.