PI Global Investments
Infrastructure

Radius Global Infrastructure (NASDAQ:RADI) Shares Down 6.5% After Analyst Downgrade

Radius Global Infrastructure logo

Radius Global Infrastructure, Inc. (NASDAQ:RADIGet Rating)’s stock price traded down 6.5% during mid-day trading on Wednesday after Raymond James lowered their price target on the stock from $21.00 to $17.00. The company traded as low as $9.55 and last traded at $9.69. 22,903 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 752,410 shares. The stock had previously closed at $10.36.

Separately, Credit Suisse Group reduced their price target on Radius Global Infrastructure from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th.

Institutional Investors Weigh In On Radius Global Infrastructure

Several hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Radius Global Infrastructure by 6.4% during the first quarter. Teacher Retirement System of Texas now owns 12,619 shares of the company’s stock worth $180,000 after purchasing an additional 760 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Radius Global Infrastructure by 0.3% in the 2nd quarter. Centaurus Financial Inc. now owns 230,701 shares of the company’s stock valued at $3,520,000 after acquiring an additional 768 shares during the last quarter. American Trust lifted its stake in shares of Radius Global Infrastructure by 8.4% in the 1st quarter. American Trust now owns 13,748 shares of the company’s stock valued at $196,000 after acquiring an additional 1,061 shares during the last quarter. Ameritas Investment Partners Inc. lifted 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 acquiring an additional 1,061 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Radius Global Infrastructure in the 2nd quarter valued at about $26,000. Institutional investors own 94.00% of the company’s stock.

Radius Global Infrastructure Stock Performance

The company has a debt-to-equity ratio of 2.05, a quick ratio of 6.01 and a current ratio of 6.01. The business has a 50 day moving average price of $13.67 and a two-hundred day moving average price of $14.13. The company has a market cap of $924.22 million, a P/E ratio of -19.26 and a beta of 1.65.

Radius Global Infrastructure Company Profile

(Get Rating)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Radius Global Infrastructure, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Radius Global Infrastructure wasn’t on the list.

While Radius Global Infrastructure currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Source link

Related posts

Franklin Templeton adds office asset to social infrastructure platform | News

Miles

Governor Newsom Signs Legislation to Improve Electric Vehicle Infrastructure into Law

Miles

Advanced Lead Acid Battery Market | Increasing Data Cente Infrastructure Drive the Industry Growth Rapidly

Miles

Leave a Comment

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    100% secure your website.