From MarketBeat:

My Personal CFO LLC sold 22.3% of its shares of Stagwell Inc during the third quarter, leaving it with 525,935 shares, making up 2.0% of its investment portfolio. Other hedge funds altered their stakes too. Analysts predict 0.63 EPS for the current year. Stagwell stock is up 1.5%, currently trading at $6.76. The company missed its quarterly estimates. Stagwell Inc operates three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network.

Various other hedge funds are also making adjustments to their positions in Stagwell, with some increasing their stakes and others decreasing them. Price T Rowe Associates Inc. MD increased its stake while Clear Harbor Asset Management and Credit Suisse AG also added shares to their holdings. Tower Research Capital, MetLife Investment Management, and My Personal CFO LLC all decreased their positions in Stagwell. 97.86% of the company is currently owned by institutional investors and hedge funds.

On November 2nd, Stagwell Inc reported quarterly earnings results that fell short of the consensus estimate, coming in at $0.14 EPS versus the expected $0.19 EPS. The company’s net margin is -0.39% and it has a positive return on equity of 20.27%. The company also announced revenue of $617.57 million for the quarter. Stagwell Inc is expected to reach a consensus EPS of 0.63 for the current year.

Shares of Stagwell Inc are up 1.5%, trading at $6.76. The company missed earnings expectations but is expected to end the year with an EPS of 0.63. At the moment, Stagwell Inc is currently owned by institutional investors and hedge funds and stands to show signs of healthy growth for the future.

Stagwell Inc operates three segments: Integrated Agencies Network, Brand Performance Network, and Communications Network. They are involved in digital transformation, performance media and data, consumer insights and strategy, and creativity and communications services. In addition, they design and build digital platforms and experiences that support the delivery of content, commerce, service, and sales.

Hedge funds have been reshuffling their positions in Stagwell Inc, with several modifying their stakes and buying or selling stock. Despite missing quarterly earnings estimate, the company is still predicted to end the year with an EPS of 0.63. Stagwell Inc is currently owned by institutional investors and hedge funds and is expected to see promising growth in the future.



Read more: Stagwell Inc. (NASDAQ:STGW) Shares Sold by My Personal CFO LLC