Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in DigitalBridge Group, Inc. $DBRG

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 77.8% during the third quarter, Holdings Channel.com reports. The firm owned 13,281 shares of the company’s stock after selling 46,427 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DigitalBridge Group were worth $155,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in shares of DigitalBridge Group in the 3rd quarter valued at about $84,000. Captrust Financial Advisors purchased a new position in DigitalBridge Group in the 2nd quarter worth approximately $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in DigitalBridge Group in the second quarter valued at approximately $113,000. Russell Investments Group Ltd. boosted its stake in shares of DigitalBridge Group by 239.4% during the second quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after purchasing an additional 8,022 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares during the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on DBRG shares. Keefe, Bruyette & Woods upped their price objective on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. B. Riley lowered DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. Royal Bank Of Canada lowered DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $23.00 to $16.00 in a research report on Tuesday, December 30th. 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 report on Tuesday, December 30th. Finally, Raymond James Financial lowered DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Stock Up 0.1%

NYSE:DBRG opened at $15.47 on Thursday. The company’s 50 day moving average price is $14.22 and its 200-day moving average price is $12.34. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $15.55. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 257.88 and a beta of 1.70.

About DigitalBridge Group

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.