Andra AP fonden Decreases Stock Holdings in DigitalBridge Group, Inc. $DBRG

Andra AP fonden reduced its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 80.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,151 shares of the company’s stock after selling 101,550 shares during the quarter. Andra AP fonden’s holdings in DigitalBridge Group were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Choreo LLC increased its position in shares of DigitalBridge Group by 9.2% during the 3rd quarter. Choreo LLC now owns 31,133 shares of the company’s stock valued at $365,000 after purchasing an additional 2,632 shares during the last quarter. Fox Run Management L.L.C. bought a new position in DigitalBridge Group during the third quarter valued at about $651,000. CenterBook Partners LP purchased a new stake in DigitalBridge Group during the third quarter worth about $570,000. NEOS Investment Management LLC bought a new stake in DigitalBridge Group in the third quarter worth about $117,000. Finally, Vanguard Group Inc. raised its position in DigitalBridge Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 17,235,457 shares of the company’s stock worth $201,655,000 after acquiring an additional 158,479 shares during the period. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 0.3%

DigitalBridge Group stock opened at $15.46 on Monday. The firm has a 50 day simple moving average of $15.20 and a 200 day simple moving average of $12.90. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $15.55. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 34.34 and a beta of 1.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada downgraded shares of DigitalBridge Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $23.00 to $16.00 in a research report on Tuesday, December 30th. Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Monday, December 29th. TD Cowen downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Tuesday, December 30th. Raymond James Financial lowered DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Finally, Zacks Research upgraded DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, DigitalBridge Group currently has an average rating of “Reduce” and a consensus target price of $16.00.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.