75,000 Shares in Uniti Group Inc. $UNIT Acquired by Mariner Investment Group LLC

Key Points

• Mariner Investment Group LLC has acquired 75,000 shares of Uniti Group Inc. in the 2nd quarter, valued at approximately $324,000.
• Uniti Group's earnings report showed EPS of $0.36, missing analyst expectations, while revenue for the quarter was up 2.0% year-over-year.
• Several brokerages have recently adjusted their ratings on Uniti Group, with Wells Fargo raising its target price to $7.50, while Zacks Research downgraded the stock to a "strong sell."

Mariner Investment Group LLC acquired a new position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 75,000 shares of the real estate investment trust's stock, valued at approximately $324,000.

Several other institutional investors have also recently bought and sold shares of UNIT. KBC Group NV bought a new position in Uniti Group in the 1st quarter worth approximately $28,000. Park Avenue Securities LLC bought a new position in Uniti Group in the 2nd quarter worth approximately $45,000. American Century Companies Inc. bought a new position in Uniti Group in the 1st quarter worth approximately $65,000. Inspire Advisors LLC bought a new position in Uniti Group in the 1st quarter worth approximately $66,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Uniti Group in the 1st quarter worth approximately $67,000. Institutional investors own 87.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UNIT. Wells Fargo & Company upped their target price on shares of Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Zacks Research cut shares of Uniti Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen cut shares of Uniti Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.70.

Uniti Group Stock Down 0.5%

UNIT opened at $6.19 on Friday. Uniti Group Inc. has a 12 month low of $5.68 and a 12 month high of $12.62. The company has a fifty day simple moving average of $6.37 and a 200 day simple moving average of $5.18. The stock has a market cap of $916.00 million, a P/E ratio of 22.50 and a beta of 1.50.

Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06). The company had revenue of $300.73 million during the quarter, compared to analyst estimates of $304.06 million. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.Uniti Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Uniti Group has set its FY 2025 guidance at EPS. On average, equities research analysts expect 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.

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