Swiss National Bank boosted its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,600 shares of the company’s stock after acquiring an additional 8,700 shares during the period. Swiss National Bank owned 0.21% of Radius Global Infrastructure worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in RADI. Arizona State Retirement System raised its position in shares of Radius Global Infrastructure by 6.7% in the fourth quarter. Arizona State Retirement System now owns 22,852 shares of the company’s stock valued at $270,000 after purchasing an additional 1,432 shares during the period. Envestnet Asset Management Inc. lifted its position in Radius Global Infrastructure by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 68,066 shares of the company’s stock worth $805,000 after acquiring an additional 7,653 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in shares of Radius Global Infrastructure by 2.6% during the fourth quarter. Mizuho Markets Americas LLC now owns 494,365 shares of the company’s stock worth $5,843,000 after acquiring an additional 12,741 shares during the period. SG Americas Securities LLC grew its position in shares of Radius Global Infrastructure by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 26,120 shares of the company’s stock valued at $309,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of Radius Global Infrastructure during the fourth quarter worth approximately $428,000. Institutional investors and hedge funds own 94.50% of the company’s stock.
Shares of Radius Global Infrastructure stock opened at $14.78 on Thursday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 2.33. Radius Global Infrastructure, Inc. has a 12-month low of $7.97 and a 12-month high of $16.52. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.60 and a beta of 1.64. The firm’s 50-day moving average price is $14.67 and its two-hundred day moving average price is $13.23.
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The company reported ($1.09) earnings per share (EPS) for the quarter. Radius Global Infrastructure had a negative return on equity of 11.97% and a negative net margin of 69.98%. The firm had revenue of $36.99 million for the quarter, compared to analyst estimates of $34.26 million. On average, analysts forecast that Radius Global Infrastructure, Inc. will post 0.15 earnings per share for the current fiscal year.
RADI has been the topic of a number of research reports. Jefferies Financial Group lowered Radius Global Infrastructure from a “buy” rating to a “hold” rating and upped 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 stock from $18.00 to $15.00 in a research note on Friday, March 3rd. Finally, Raymond James lowered shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.33.
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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