Caxton Associates LLP Purchases Shares of 575,943 DigitalBridge Group, Inc. $DBRG

Caxton Associates LLP acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 575,943 shares of the company’s stock, valued at approximately $8,881,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after buying an additional 116,360 shares in the last quarter. Pentwater Capital Management LP bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $176,410,000. KRYGER CAPITAL Ltd acquired a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $75,234,000. New South Capital Management Inc. increased its holdings in DigitalBridge Group by 21.0% during the 4th quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock valued at $70,131,000 after purchasing an additional 794,434 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in DigitalBridge Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,082,778 shares of the company’s stock valued at $62,640,000 after purchasing an additional 104,773 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial initiated coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, DigitalBridge Group currently has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $15.86 on Friday. The stock’s 50-day moving average is $15.73 and its 200-day moving average is $15.55. DigitalBridge Group, Inc. has a one year low of $8.94 and a one year high of $15.86. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 32.36 and a beta of 1.46.

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.