Carmignac Gestion Makes New $5.70 Million Investment in DigitalBridge Group, Inc. $DBRG

Carmignac Gestion bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 369,415 shares of the company’s stock, valued at approximately $5,696,000.

Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of DigitalBridge Group by 70.4% during the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after acquiring an additional 781 shares during the period. Handelsbanken Fonder AB raised its stake in DigitalBridge Group by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after acquiring an additional 1,100 shares during the period. Cetera Investment Advisers raised its stake in DigitalBridge Group by 4.4% in the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock valued at $444,000 after acquiring an additional 1,214 shares during the period. Cerity Partners LLC lifted its holdings in DigitalBridge Group by 2.5% during the fourth quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock valued at $814,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after purchasing an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Price Performance

NYSE:DBRG opened at $15.86 on Monday. The company has a market cap of $2.89 billion, a P/E ratio of 32.36 and a beta of 1.47. The stock’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $15.57. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.92.

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.