Here’s Why Radius Global Infrastructure (RADI) Declined in Q3

Chartwell Investment Partners, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Chartwell Small Cap Growth Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund slightly underperformed relative to its benchmark Russell 2000 Growth Index. The letter noted that although there is a positive momentum in the US market, still there are many challenges that slow growth. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers highlighted stocks like Radius Global Infrastructure, Inc. (NASDAQ:RADI) in its Q3 2022 investor letter. Headquartered in Bala Cynwyd, Pennsylvania, Radius Global Infrastructure, Inc. (NASDAQ:RADI) is a real estate company that acquires and rent telecom real property. On December 12, 2022, Radius Global Infrastructure, Inc. (NASDAQ:RADI) stock closed at $12.21 per share. One-month return of Radius Global Infrastructure, Inc. (NASDAQ:RADI) was 12.64% and its shares lost 22.72% of their value over the last 52 weeks. Radius Global Infrastructure, Inc. (NASDAQ:RADI) has a market capitalization of $1.163 billion.

Carillon Tower Advisers made the following comment about Radius Global Infrastructure, Inc. (NASDAQ:RADI) in its Q3 2022 investor letter:

“Another underperformer was Radius Global Infrastructure, Inc. (NASDAQ:RADI). Radius Global is a real estate company that operates are portfolio or ground and rooftop cell sites. The stock was under pressure due to concerns about the company’s leveraged balance sheet, and concerns of whether the company will still be able to raise capital in the future at attractive rates.”

wireless, telecoms, antenna, tower, broadcasting, station, cellular, building, sky, steel, telephone, technology, equipment, electromagnetic, mobile, architecture, transmitter

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Radius Global Infrastructure, Inc. (NASDAQ:RADI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Radius Global Infrastructure, Inc. (NASDAQ:RADI) at the end of the third quarter, which was 25 in the previous quarter.

We discussed Radius Global Infrastructure, Inc. (NASDAQ:RADI) in another article and shared the list stocks to buy according to Mark T. Gallogly’s Centerbridge Partners. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.