American Trust Acquires 2,654 Shares of Radius Global Infrastructure, Inc. (NASDAQ:RADI)

American Trust grew its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) by 18.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 17,162 shares of the company’s stock after purchasing an additional 2,654 shares during the quarter. American Trust’s holdings in Radius Global Infrastructure were worth $162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of Radius Global Infrastructure in the 3rd quarter valued at $30,000. Ameritas Investment Partners Inc. increased its stake in shares of Radius Global Infrastructure by 23.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,581 shares of the company’s stock valued at $80,000 after purchasing an additional 1,061 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Radius Global Infrastructure by 222.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,645 shares of the company’s stock worth $91,000 after acquiring an additional 6,658 shares during the last quarter. Covestor Ltd bought a new stake in Radius Global Infrastructure during the 1st quarter worth $97,000. Finally, Atom Investors LP bought a new stake in Radius Global Infrastructure during the 3rd quarter worth $119,000. Institutional investors own 94.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Radius Global Infrastructure Stock Down 0.3 %

Shares of RADI opened at $14.44 on Friday. The company has a market capitalization of $1.56 billion, a PE ratio of -13.01 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 stock’s 50-day moving average price is $13.47 and its two-hundred day moving average price is $11.88. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 2.23.

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.