Uniti Group Inc. (NASDAQ:UNIT) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 939,952 shares of the real estate investment trust's stock after selling 57,592 shares during the period. AQR Capital Management LLC owned about 0.39% of Uniti Group worth $5,170,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in Uniti Group by 51.3% in the fourth quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock worth $47,000 after buying an additional 2,870 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Uniti Group in the 4th quarter worth $68,000. Virtu Financial LLC purchased a new stake in shares of Uniti Group during the 3rd quarter worth $70,000. Handelsbanken Fonder AB bought a new stake in Uniti Group during the fourth quarter valued at about $71,000. Finally, Diversified Trust Co purchased a new position in Uniti Group in the fourth quarter valued at about $74,000. Hedge funds and other institutional investors own 87.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UNIT. Wells Fargo & Company cut their price objective on Uniti Group from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Raymond James upgraded shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and increased their price objective for the stock from $6.00 to $8.00 in a research note on Monday, February 24th.

Uniti Group Price Performance

UNIT stock remained flat at $4.66 during trading on Wednesday. The company had a trading volume of 472,681 shares, compared to its average volume of 2,517,055. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.31. The stock has a market cap of $1.14 billion, a PE ratio of 11.37 and a beta of 1.59. The business's fifty day moving average price is $4.79 and its 200-day moving average price is $5.35.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The firm had revenue of $293.91 million during the quarter, compared to analysts' expectations of $295.39 million. During the same quarter last year, the company posted $0.32 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Uniti Group Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.