Millennium Management Upped its Interest in SRAD Stock

According to a recent Form 13F filing submitted to the SEC, Millennium Management LLC disclosed a noteworthy and bullish position in SRAD stock. Here’s what you need to know about Sportradar Group AG, as well as Millennium Management’s position in shares of SRAD stock:

About Sportradar Group AG (NASDAQ: SRAD)

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name. The company offers mission-critical software, data, and content to sports leagues, betting operators, and media companies. In addition, the company provides sports entertainment, gaming solution, and sports solutions, as well as live streaming solution for online, mobile, and retail sports betting. Further, its software solutions address the entire sports betting value chain from traffic generation and advertising technology to the collection, processing, and extrapolation of data and odds, as well as to visualization solutions, risk management, and platform services. Sportradar Group AG was incorporated in 2001 and is headquartered in St. Gallen, Switzerland. Learn more about Sportradar Group AG on their website here

Millennium Management’s Position in SRAD Stock

According to the most recent 13F filed by Millennium Management, the firm added 140,479 shares of SRAD stock to it holdings in the recent quarter. That brings their total long position in Sportradar Group AG to 578,563 shares, representing approximately 0.1948% of the entire 296,939,013 SRAD shares outstanding. Based on the most recent closing price of $10.15 per share of SRAD, the entire Millennium Management position in Sportradar Group stock is worth roughly $5,872,414.45.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Millennium Management. Also be sure to check out more recent 13F filing analysis news here.