First Mercantile Trust Co. decreased its holdings in Radius Global Infrastructure, Inc. (NASDAQ:RADI) by 5.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,483 shares of the company’s stock after selling 805 shares during the quarter. First Mercantile Trust Co.’s holdings in Radius Global Infrastructure were worth $210,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Radius Global Infrastructure in the 2nd quarter worth about $50,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Radius Global Infrastructure in the 2nd quarter worth about $125,000. State of New Jersey Common Pension Fund D acquired a new position in Radius Global Infrastructure in the 1st quarter worth about $147,000. Diametric Capital LP acquired a new position in shares of Radius Global Infrastructure during the first quarter valued at approximately $157,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Radius Global Infrastructure during the first quarter valued at approximately $166,000. 83.64% of the stock is owned by institutional investors.
RADI stock opened at $17.18 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.25 and a current ratio of 4.25. The business has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $14.94. Radius Global Infrastructure, Inc. has a 1 year low of $6.57 and a 1 year high of $18.25.
RADI has been the subject of a number of research analyst reports. Zacks Investment Research cut Radius Global Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, August 28th. Credit Suisse Group increased their target price on Radius Global Infrastructure from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, August 12th. Finally, Raymond James increased their target price on Radius Global Infrastructure from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, August 17th.
About Radius Global Infrastructure
Radius Global Infrastructure, Inc, through its subsidiaries, engages in the acquisition and rental of wireless telecom real properties. The company leases ground or rooftops, wireless towers or antennae, and other structures underlying wireless communications cell sites. As of March 31, 2021, it had interests in 7,435 leases situated on 5,627 communications sites located in the United States and 18 other countries.
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