Radius Global Infrastructure, Inc. (NASDAQ:RADI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADIGet Rating) by 11.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,616 shares of the company’s stock after purchasing an additional 6,825 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Radius Global Infrastructure worth $986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its holdings in shares of Radius Global Infrastructure by 13.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,737,046 shares of the company’s stock valued at $81,925,000 after buying an additional 679,272 shares in the last quarter. BlackRock Inc. boosted its stake in Radius Global Infrastructure by 21.4% in the first quarter. BlackRock Inc. now owns 5,580,603 shares of the company’s stock valued at $79,693,000 after acquiring an additional 982,825 shares in the last quarter. Conversant Capital LLC grew its holdings in shares of Radius Global Infrastructure by 10.8% during the first quarter. Conversant Capital LLC now owns 3,966,907 shares of the company’s stock worth $56,647,000 after purchasing an additional 385,729 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Radius Global Infrastructure by 23.5% during the first quarter. Vanguard Group Inc. now owns 3,919,633 shares of the company’s stock worth $55,973,000 after purchasing an additional 746,043 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Radius Global Infrastructure by 18.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,623,575 shares of the company’s stock valued at $40,036,000 after purchasing an additional 400,200 shares during the last quarter. 94.00% of the stock is owned by institutional investors and hedge funds.

Radius Global Infrastructure Price Performance

Shares of NASDAQ:RADI opened at $10.77 on Friday. Radius Global Infrastructure, Inc. has a one year low of $7.97 and a one year high of $18.32. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -67.31 and a beta of 1.50. The company has a 50-day simple moving average of $9.86 and a 200-day simple moving average of $13.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 4.91 and a current ratio of 4.91.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James dropped their price target on Radius Global Infrastructure from $17.00 to $15.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 10th. Credit Suisse Group lowered their target price on shares of Radius Global Infrastructure from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th.

Radius Global Infrastructure Company Profile

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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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Institutional Ownership by Quarter for Radius Global Infrastructure (NASDAQ:RADI)

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