Wilson Asset Management International PTY Ltd. Lowers Stock Holdings in Sportradar Group AG $SRAD

Wilson Asset Management International PTY Ltd. lessened its holdings in Sportradar Group AG (NASDAQ:SRAD) by 21.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 322,342 shares of the company’s stock after selling 90,057 shares during the period. Sportradar Group accounts for approximately 2.1% of Wilson Asset Management International PTY Ltd.’s holdings, making the stock its 20th biggest position. Wilson Asset Management International PTY Ltd. owned about 0.11% of Sportradar Group worth $8,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Sportradar Group in the second quarter valued at about $123,087,000. Invesco Ltd. raised its stake in Sportradar Group by 536.7% during the 2nd quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after purchasing an additional 2,505,890 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Sportradar Group by 76.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after purchasing an additional 1,196,197 shares in the last quarter. Soros Fund Management LLC bought a new position in Sportradar Group in the 2nd quarter worth approximately $28,563,000. Finally, Rice Hall James & Associates LLC bought a new position in Sportradar Group in the 3rd quarter worth approximately $21,499,000.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $16.99 on Monday. The firm has a fifty day simple moving average of $21.11 and a two-hundred day simple moving average of $25.18. Sportradar Group AG has a 52 week low of $16.86 and a 52 week high of $32.22. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.09 billion, a P/E ratio of 53.10 and a beta of 2.01.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st. Guggenheim raised their target price on shares of Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stifel Nicolaus began coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 price target on the stock. Citizens Jmp decreased their price target on shares of Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating on the stock in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.70.

Sportradar Group Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.