Arizona State Retirement System Buys 1,432 Shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI)

Arizona State Retirement System boosted its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,852 shares of the company’s stock after buying an additional 1,432 shares during the period. Arizona State Retirement System’s holdings in Radius Global Infrastructure were worth $270,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Radius Global Infrastructure in the third quarter worth $30,000. CWM LLC raised its holdings in Radius Global Infrastructure by 3,601.0% in the fourth quarter. CWM LLC now owns 3,701 shares of the company’s stock worth $44,000 after purchasing an additional 3,601 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Radius Global Infrastructure by 23.5% in the first quarter. Ameritas Investment Partners Inc. now owns 5,581 shares of the company’s stock worth $80,000 after purchasing an additional 1,061 shares during the period. Tower Research Capital LLC TRC raised its holdings in Radius Global Infrastructure by 222.9% in the third quarter. Tower Research Capital LLC TRC now owns 9,645 shares of the company’s stock worth $91,000 after purchasing an additional 6,658 shares during the period. Finally, Covestor Ltd acquired a new stake in Radius Global Infrastructure in the first quarter worth $97,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Radius Global Infrastructure Trading Up 0.2 %

Shares of Radius Global Infrastructure stock opened at $14.79 on Wednesday. Radius Global Infrastructure, Inc. has a 1 year low of $7.97 and a 1 year high of $16.52. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $1.60 billion, a PE ratio of -9.60 and a beta of 1.64. The firm’s 50 day moving average is $14.66 and its 200 day moving average is $13.22.

Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last posted its earnings results on Wednesday, March 1st. The company reported ($1.09) earnings per share for the quarter. Radius Global Infrastructure had a negative return on equity of 11.97% and a negative net margin of 69.98%. The business had revenue of $36.99 million for the quarter, compared to the consensus estimate of $34.26 million. Equities research analysts forecast that Radius Global Infrastructure, Inc. will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James lowered shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a report on Friday, March 3rd. Jefferies Financial Group downgraded shares of Radius Global Infrastructure from a “buy” rating to a “hold” rating and raised their target price for the company from $14.00 to $15.00 in a research report on Monday, March 6th. Finally, Credit Suisse Group downgraded shares of Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.00 in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.33.

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.