DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 57,655 shares of the company’s stock after selling 3,126 shares during the quarter. Los Angeles Capital Management LLC’s holdings in DigitalBridge Group were worth $480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Garnet Equity Capital Holdings Inc. raised its holdings in DigitalBridge Group by 13.4% during the fourth quarter. Garnet Equity Capital Holdings Inc. now owns 1,195,711 shares of the company’s stock worth $9,960,000 after purchasing an additional 141,500 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of DigitalBridge Group by 14.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 151,121 shares of the company’s stock valued at $1,259,000 after buying an additional 19,062 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of DigitalBridge Group by 13.8% during the 4th quarter. Pacer Advisors Inc. now owns 5,420,675 shares of the company’s stock worth $45,154,000 after buying an additional 658,043 shares during the last quarter. American Assets Capital Advisers LLC boosted its position in shares of DigitalBridge Group by 2.2% in the 4th quarter. American Assets Capital Advisers LLC now owns 6,702,225 shares of the company’s stock worth $55,830,000 after buying an additional 144,830 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in DigitalBridge Group in the 4th quarter valued at about $3,294,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of DigitalBridge Group from a “hold” rating to a “sell” rating in a report on Friday, January 21st. JPMorgan Chase & Co. raised DigitalBridge Group from an “underweight” rating to a “neutral” rating and set a $7.00 target price on the stock in a research note on Friday, March 18th. Finally, Raymond James dropped their price target on DigitalBridge Group from $10.00 to $9.50 and set a “strong-buy” rating for the company in a research report on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, DigitalBridge Group presently has an average rating of “Buy” and an average price target of $9.25.

NYSE:DBRG opened at $7.07 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $4.03 billion, a PE ratio of -8.73 and a beta of 1.86. The firm has a 50 day simple moving average of $7.08 and a 200-day simple moving average of $7.37. DigitalBridge Group, Inc. has a 1-year low of $5.53 and a 1-year high of $8.69.

DigitalBridge Group (NYSE:DBRGGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). DigitalBridge Group had a negative net margin of 29.23% and a negative return on equity of 3.04%. The business had revenue of $255.90 million during the quarter, compared to analyst estimates of $248.21 million. During the same quarter last year, the firm posted $0.03 earnings per share. The company’s revenue was up 64.7% on a year-over-year basis. As a group, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.04 earnings per share for the current fiscal year.

About DigitalBridge Group (Get Rating)

DigitalBridge Group, Inc is a leading global digital infrastructure REIT and private equity firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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