FNY Investment Advisers LLC bought a new stake in shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,500 shares of the company’s stock, valued at approximately $195,000.
A number of other large investors also recently modified their holdings of RADI. JPMorgan Chase & Co. lifted its stake in shares of Radius Global Infrastructure by 36.6% during the 1st quarter. JPMorgan Chase & Co. now owns 732,288 shares of the company’s stock valued at $10,457,000 after buying an additional 196,400 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Radius Global Infrastructure during the first quarter worth about $146,000. Bank of New York Mellon Corp grew its position in shares of Radius Global Infrastructure by 13.2% during the first quarter. Bank of New York Mellon Corp now owns 251,541 shares of the company’s stock worth $3,593,000 after purchasing an additional 29,351 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Radius Global Infrastructure by 87.0% during the first quarter. MetLife Investment Management LLC now owns 40,779 shares of the company’s stock worth $582,000 after purchasing an additional 18,975 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Radius Global Infrastructure by 17.7% during the first quarter. Rhumbline Advisers now owns 86,721 shares of the company’s stock worth $1,238,000 after purchasing an additional 13,031 shares in the last quarter. Hedge funds and other institutional investors own 94.50% of the company’s stock.
Several analysts recently issued reports on RADI shares. Exane BNP Paribas began coverage on Radius Global Infrastructure in a research report on Wednesday, December 14th. They set an “outperform” rating and a $17.00 target price for the company. Jefferies Financial Group downgraded shares of Radius Global Infrastructure from a “buy” rating to a “hold” rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Monday, March 6th. 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 target price on the stock. Credit Suisse Group lowered Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Friday, March 3rd. Finally, Raymond James lowered Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Radius Global Infrastructure currently has a consensus rating of “Hold” and an average price target of $15.33.
Shares of NASDAQ:RADI traded down $0.04 on Friday, reaching $14.45. The company’s stock had a trading volume of 1,679,990 shares, compared to its average volume of 3,749,212. Radius Global Infrastructure, Inc. has a 52-week low of $7.97 and a 52-week high of $16.52. The company has a 50-day simple moving average of $13.42 and a 200 day simple moving average of $11.89. The company has a debt-to-equity ratio of 2.23, a quick ratio of 3.06 and a current ratio of 3.06.
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.
Want to see what other hedge funds are holding RADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating).
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.
Cypress Wealth Services LLC purchased a new stake in shares of iShares Global Infrastructure ETF (NASDAQ:IGF - Get Rating) during the fourth quarter, according
PHILADELPHIA, March 25, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Radius Global Infrastructure, Inc. (NASDAQ: RADI) ("Radius") on
PHILADELPHIA, March 25, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Radius Global Infrastructure, Inc. RADI ("Radius") on behalf of
Altus Wealth Group LLC acquired a new stake in iShares Global Infrastructure ETF (NASDAQ:IGF - Get Rating) in the 4th quarter, according to its most recent For
