Assenagon Asset Management S.A. cut its position in shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI – Free Report) by 9.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 808,355 shares of the company’s stock after selling 87,779 shares during the quarter. Assenagon Asset Management S.A. owned 0.75% of Radius Global Infrastructure worth $11,859,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in Radius Global Infrastructure during the third quarter worth about $30,000. CWM LLC grew its position in Radius Global Infrastructure by 3,601.0% during the fourth quarter. CWM LLC now owns 3,701 shares of the company’s stock worth $44,000 after buying an additional 3,601 shares in the last quarter. Amundi acquired a new stake in Radius Global Infrastructure during the fourth quarter worth about $73,000. Ameritas Investment Partners Inc. grew its position in Radius Global Infrastructure by 23.5% during the first quarter. Ameritas Investment Partners Inc. now owns 5,581 shares of the company’s stock worth $80,000 after buying an additional 1,061 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Radius Global Infrastructure by 222.9% during the third quarter. Tower Research Capital LLC TRC now owns 9,645 shares of the company’s stock valued at $91,000 after purchasing an additional 6,658 shares in the last quarter. 83.59% of the stock is owned by institutional investors and hedge funds.
Radius Global Infrastructure Stock Performance
NASDAQ:RADI opened at $14.90 on Friday. Radius Global Infrastructure, Inc. has a 1 year low of $7.97 and a 1 year high of $15.99. The firm has a 50 day moving average of $14.78 and a 200-day moving average of $13.92. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $1.61 billion, a P/E ratio of -9.68 and a beta of 1.65.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded Radius Global Infrastructure from a “buy” rating to a “hold” rating and lifted their price objective for the company from $14.00 to $15.00 in a report on Monday, March 6th. Credit Suisse Group downgraded Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.00 in a report on Friday, March 3rd. Finally, Raymond James downgraded Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a report on Friday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.33.
Radius Global Infrastructure Company Profile
Radius Global Infrastructure, Inc, together with its subsidiaries, operates as an aggregator of rental streams underlying wireless and other communications infrastructure sites through the acquisition of real property interests and contractual rights in Italy, the United Kingdom, the United States, other Eurozone countries, and internationally.
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