UBS Group AG Has $3.50 Million Stock Position in Radius Global Infrastructure, Inc. (NASDAQ:RADI)

UBS Group AG increased its stake in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 18,992.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,976 shares of the company’s stock after acquiring an additional 369,033 shares during the quarter. UBS Group AG owned about 0.39% of Radius Global Infrastructure worth $3,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Centiva Capital LP raised its position in shares of Radius Global Infrastructure by 106.0% during the second quarter. Centiva Capital LP now owns 515,000 shares of the company’s stock worth $7,859,000 after purchasing an additional 265,000 shares during the period. Victory Capital Management Inc. grew its holdings in Radius Global Infrastructure by 9.4% during the third quarter. Victory Capital Management Inc. now owns 76,715 shares of the company’s stock worth $723,000 after buying an additional 6,600 shares in the last quarter. Josh Arnold Investment Consultant LLC bought a new stake in Radius Global Infrastructure during the second quarter worth $1,022,000. CI Investments Inc. bought a new stake in Radius Global Infrastructure during the second quarter worth $11,439,000. Finally, Clearline Capital LP bought a new stake in Radius Global Infrastructure during the second quarter worth $2,164,000. 94.50% of the stock is owned by institutional investors and hedge funds.

Radius Global Infrastructure Stock Down 0.3 %

Shares of NASDAQ:RADI opened at $14.55 on Friday. The stock has a fifty day simple moving average of $12.93 and a two-hundred day simple moving average of $11.91. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -13.11 and a beta of 1.65. Radius Global Infrastructure, Inc. has a 12-month low of $7.97 and a 12-month high of $16.52. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 2.06.

Analyst Ratings Changes

A number of research analysts have issued reports on RADI shares. Credit Suisse Group downgraded Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $15.00 in a research note on Friday. BNP Paribas started coverage on Radius Global Infrastructure in a report on Wednesday, December 14th. They issued an “outperform” rating and a $17.00 price target on the stock. Royal Bank of Canada began coverage on Radius Global Infrastructure in a report on Friday, December 16th. They issued a “sector perform” rating and a $13.00 price target on the stock. 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 price objective on the stock. Finally, Raymond James lowered Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.40.

About Radius Global Infrastructure

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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.