Assenagon Asset Management S.A. raised its stake in shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 896,134 shares of the company’s stock after acquiring an additional 113,210 shares during the period. Assenagon Asset Management S.A. owned approximately 0.94% of Radius Global Infrastructure worth $10,592,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in RADI. Point72 Hong Kong Ltd acquired a new stake in shares of Radius Global Infrastructure during the third quarter valued at about $30,000. Ameritas Investment Partners Inc. increased its position in shares of Radius Global Infrastructure by 23.5% during the first quarter. Ameritas Investment Partners Inc. now owns 5,581 shares of the company’s stock valued at $80,000 after acquiring an additional 1,061 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 6,658 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Radius Global Infrastructure during the first quarter valued at about $97,000. Finally, Atom Investors LP acquired a new stake in shares of Radius Global Infrastructure during the third quarter valued at about $119,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Radius Global Infrastructure in a report on Wednesday, December 14th. They issued an “outperform” rating and a $17.00 price objective for the company. Exane BNP Paribas assumed coverage on shares of Radius Global Infrastructure in a report on Wednesday, December 14th. They issued an “outperform” rating and a $17.00 price objective for the company. Jefferies Financial Group cut shares of 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 cut shares of Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $15.00 in a report on Friday, March 3rd. Finally, Royal Bank of Canada assumed coverage on shares of Radius Global Infrastructure in a report on Friday, December 16th. They issued a “sector perform” rating and a $13.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Radius Global Infrastructure currently has a consensus rating of “Hold” and an average target price of $15.33.
Radius Global Infrastructure Stock Up 0.1 %
RADI stock opened at $14.50 on Friday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -13.06 and a beta of 1.65. The company has a debt-to-equity ratio of 2.23, a current ratio of 3.06 and a quick ratio of 3.06. Radius Global Infrastructure, Inc. has a 12 month low of $7.97 and a 12 month high of $16.52. The company has a fifty day moving average price of $13.68 and a 200 day moving average price of $11.91.
About Radius Global Infrastructure
Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Radius Global Infrastructure, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Radius Global Infrastructure wasn’t on the list.
While Radius Global Infrastructure currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
