Royce & Associates LP reduced its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,892 shares of the company’s stock after selling 11,900 shares during the period. Royce & Associates LP owned 0.12% of Radius Global Infrastructure worth $1,741,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Davidson Kempner Capital Management LP increased its stake in Radius Global Infrastructure by 7.3% in the 4th quarter. Davidson Kempner Capital Management LP now owns 9,128,655 shares of the company’s stock valued at $146,880,000 after buying an additional 622,125 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Radius Global Infrastructure by 27.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 5,057,774 shares of the company’s stock worth $81,430,000 after purchasing an additional 1,081,480 shares during the last quarter. Conversant Capital LLC acquired a new position in shares of Radius Global Infrastructure during the 4th quarter worth about $57,657,000. Goldman Sachs Group Inc. increased its stake in shares of Radius Global Infrastructure by 62.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,870,702 shares of the company’s stock worth $30,118,000 after purchasing an additional 719,702 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Radius Global Infrastructure by 125.2% during the 4th quarter. 1832 Asset Management L.P. now owns 1,222,100 shares of the company’s stock worth $20,018,000 after purchasing an additional 679,500 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Raymond James boosted their price objective on shares of Radius Global Infrastructure from $18.00 to $22.00 in a research note on Tuesday, May 10th.
Radius Global Infrastructure Stock Performance
Shares of RADI stock opened at $14.75 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -18.44 and a beta of 1.27. The company has a debt-to-equity ratio of 1.97, a quick ratio of 6.92 and a current ratio of 6.92. The company has a 50-day simple moving average of $14.94 and a 200 day simple moving average of $14.16. Radius Global Infrastructure, Inc. has a 52 week low of $11.70 and a 52 week high of $18.79.
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $31.65 million. Radius Global Infrastructure had a negative return on equity of 8.67% and a negative net margin of 55.12%. During the same period in the previous year, the firm posted ($0.66) EPS. On average, sell-side analysts predict that Radius Global Infrastructure, Inc. will post -0.07 earnings per share for the current year.
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.
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