Fox Run Management L.L.C. Takes $651,000 Position in DigitalBridge Group, Inc. $DBRG

Fox Run Management L.L.C. purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 55,611 shares of the company’s stock, valued at approximately $651,000.

Several other hedge funds have also recently bought and sold shares of DBRG. Azora Capital LP purchased a new position in DigitalBridge Group during the 2nd quarter valued at about $23,579,000. Long Pond Capital LP purchased a new stake in shares of DigitalBridge Group in the second quarter worth approximately $13,747,000. Frontier Capital Management Co. LLC boosted its holdings in shares of DigitalBridge Group by 29.8% during the second quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock worth $58,678,000 after purchasing an additional 1,302,150 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of DigitalBridge Group by 65.8% during the second quarter. Segall Bryant & Hamill LLC now owns 2,343,736 shares of the company’s stock worth $24,258,000 after purchasing an additional 929,920 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in DigitalBridge Group by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock valued at $19,633,000 after purchasing an additional 693,613 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DBRG shares. Zacks Research upgraded shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a report on Wednesday, January 21st. Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, B. Riley Financial lowered DigitalBridge Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $20.00 to $16.00 in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $16.00.

DigitalBridge Group Trading Up 0.3%

DigitalBridge Group stock opened at $15.46 on Friday. The company has a market capitalization of $2.82 billion, a P/E ratio of 34.34 and a beta of 1.70. The firm’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $12.88. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $15.55.

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.