Point72 Hong Kong Ltd Acquires Shares of 3,145 Radius Global Infrastructure, Inc. (NASDAQ:RADI)

Point72 Hong Kong Ltd acquired a new stake in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,145 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Radius Global Infrastructure by 21.4% during the first quarter. BlackRock Inc. now owns 5,580,603 shares of the company’s stock worth $79,693,000 after purchasing an additional 982,825 shares in the last quarter. Conversant Capital LLC boosted its position in shares of Radius Global Infrastructure by 7.1% during the second quarter. Conversant Capital LLC now owns 4,248,119 shares of the company’s stock worth $64,827,000 after purchasing an additional 281,212 shares in the last quarter. Long Pond Capital LP boosted its position in shares of Radius Global Infrastructure by 37.7% during the third quarter. Long Pond Capital LP now owns 4,046,547 shares of the company’s stock worth $38,118,000 after purchasing an additional 1,106,957 shares in the last quarter. Vanguard Group Inc. boosted 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, Goldman Sachs Group Inc. boosted its position in shares of Radius Global Infrastructure by 2.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,923,037 shares of the company’s stock worth $27,461,000 after purchasing an additional 52,335 shares in the last quarter. 94.50% of the stock is owned by institutional investors.

Radius Global Infrastructure Stock Up 0.1 %

Shares of RADI stock opened at $14.56 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 2.23. Radius Global Infrastructure, Inc. has a 1 year low of $7.97 and a 1 year high of $16.52. The firm’s fifty day moving average price is $12.98 and its two-hundred day moving average price is $11.85. The firm has a market capitalization of $1.39 billion, a P/E ratio of -13.12 and a beta of 1.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RADI shares. BNP Paribas started coverage on shares of Radius Global Infrastructure in a research report on Wednesday, December 14th. They set an “outperform” rating and a $17.00 price target on the stock. Royal Bank of Canada started coverage on shares of Radius Global Infrastructure in a research report on Friday, December 16th. They set a “sector perform” rating and a $13.00 price target on the stock. Exane BNP Paribas started coverage on shares of Radius Global Infrastructure in a report on Wednesday, December 14th. They set an “outperform” rating and a $17.00 price objective on the stock. Jefferies Financial Group lowered shares of Radius Global Infrastructure from a “buy” rating to a “hold” rating in a report on Monday. Finally, Credit Suisse Group lowered 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 report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.