5 Stocks to Buy According to Mark T. Gallogly’s Centerbridge Partners

2. Radius Global Infrastructure, Inc. (NASDAQ:RADI)

Centerbridge Partners’ Stake Value: $166,716,000
Percentage of Centerbridge Partners’ 13F Portfolio: 14.74%
Number of Hedge Fund Holders: 25

Radius Global Infrastructure, Inc. (NASDAQ:RADI) purchases and leases telecom real estate interests and contractual rights. As of December 31, 2021, Radius Global Infrastructure, Inc. (NASDAQ:RADI) had interests in 8,506 leases with 8,186 communications installations situated in the US and 19 other nations.

On October 4, Raymond James analyst Ric Prentiss reaffirmed a ‘Strong Buy’ recommendation on Radius Global Infrastructure, Inc. (NASDAQ:RADI) while trimming his price target from $21 to $17. Even with FX and interest rate fluctuations, Prentiss believed the share price decline was excessive, especially in light of Radius Global Infrastructure, Inc. (NASDAQ:RADI)’s integrated FX risk hedges.

According to Insider Monkey’s data, 25 hedge funds were long Radius Global Infrastructure, Inc. (NASDAQ:RADI) at the end of June 2022, up from 21 funds in the previous quarter. In addition, Travis Cocke’s Voss Capital is a significant position holder in the company, with 1.44 million shares worth $13.53 million.

Centerbridge Partners held 10.93 million shares in Radius Global Infrastructure, Inc. (NASDAQ:RADI) as of the second quarter of 2022. The hedge fund’s investment in the company accounted for 14.74% of its portfolio in the second quarter, up from 9.95% in the first quarter of 2022.

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