DigitalBridge Group, Inc. $DBRG Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,112 shares of the company’s stock after selling 129,400 shares during the period. Renaissance Technologies LLC’s holdings in DigitalBridge Group were worth $7,789,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DBRG. Steward Partners Investment Advisory LLC boosted its holdings in DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after purchasing an additional 1,326 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of DigitalBridge Group by 70.4% in the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after buying an additional 781 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of DigitalBridge Group in the fourth quarter valued at approximately $31,000. Finally, Quarry LP boosted its stake in shares of DigitalBridge Group by 1,467.2% in the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after buying an additional 1,922 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.82 on Tuesday. The business’s fifty day moving average price is $15.76 and its two-hundred day moving average price is $15.57. The stock has a market cap of $2.89 billion, a PE ratio of 32.30 and a beta of 1.47. DigitalBridge Group, Inc. has a one year low of $8.94 and a one 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.