AM Investment Strategies LLC Sells 85,645 Shares of Sportradar Group AG $SRAD

AM Investment Strategies LLC decreased its position in Sportradar Group AG (NASDAQ:SRAD) by 18.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,045 shares of the company’s stock after selling 85,645 shares during the period. Sportradar Group makes up approximately 2.2% of AM Investment Strategies LLC’s holdings, making the stock its 12th biggest position. AM Investment Strategies LLC owned 0.13% of Sportradar Group worth $10,089,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SRAD. ORG Partners LLC increased its stake in shares of Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after acquiring an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares in the last quarter. Loomis Sayles & Co. L P raised its position in Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares during the period. Finally, Huntington National Bank grew its stake in Sportradar Group by 33.1% in the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock worth $111,000 after acquiring an additional 982 shares in the last quarter.

Sportradar Group Trading Down 1.8%

Shares of Sportradar Group stock opened at $18.62 on Wednesday. The company’s 50-day simple moving average is $22.12 and its 200-day simple moving average is $26.21. Sportradar Group AG has a 52-week low of $18.09 and a 52-week high of $32.22. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 58.19 and a beta of 2.01. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Arete Research raised shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Citizens Jmp reduced their target price on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday, December 29th. Finally, Wells Fargo & Company decreased their price objective on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.47.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.