Caxton Associates LP Sells 195,138 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Caxton Associates LP lessened its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,455 shares of the real estate investment trust's stock after selling 195,138 shares during the quarter. Caxton Associates LP owned 0.06% of Uniti Group worth $745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of Uniti Group by 51.3% in the fourth quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 2,870 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Uniti Group during the fourth quarter worth $68,000. Virtu Financial LLC bought a new position in shares of Uniti Group in the third quarter worth $70,000. Handelsbanken Fonder AB purchased a new position in shares of Uniti Group in the fourth quarter valued at $71,000. Finally, Diversified Trust Co bought a new stake in shares of Uniti Group during the 4th quarter valued at $74,000. 87.51% of the stock is owned by hedge funds and other institutional investors.

Uniti Group Trading Up 2.0 %

Shares of UNIT stock traded up $0.09 during trading hours on Friday, reaching $4.52. The company's stock had a trading volume of 2,153,542 shares, compared to its average volume of 2,526,688. The stock has a market capitalization of $1.11 billion, a P/E ratio of 11.02 and a beta of 1.59. The firm's fifty day simple moving average is $4.80 and its 200 day simple moving average is $5.35. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.31.

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, meeting the consensus estimate of $0.35. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. The business had revenue of $293.91 million for the quarter, compared to analysts' expectations of $295.39 million. During the same period in the previous year, the firm posted $0.32 EPS. The business's revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts forecast that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Thursday. Raymond James upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their target price for the stock from $6.00 to $8.00 in a research note on Monday, February 24th.

About Uniti Group

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.