Uniti Group Inc. (NASDAQ:UNIT) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 40.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 127,565 shares of the real estate investment trust's stock after selling 84,924 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Uniti Group worth $702,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Uniti Group by 51.3% in the 4th 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 during the period. Proficio Capital Partners LLC purchased a new stake in Uniti Group in the 4th quarter worth $68,000. Handelsbanken Fonder AB purchased a new stake in Uniti Group in the 4th quarter worth $71,000. Ballentine Partners LLC lifted its stake in Uniti Group by 35.1% in the 4th quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 3,966 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Uniti Group by 20.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,376 shares of the real estate investment trust's stock valued at $90,000 after buying an additional 2,790 shares in the last quarter. Institutional investors own 87.51% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Raymond James upgraded shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their target price for the company from $6.00 to $8.00 in a research report on Monday, February 24th. Wells Fargo & Company cut their price objective on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup restated a "neutral" rating and issued a $5.30 target price on shares of Uniti Group in a research note on Friday, May 16th.

Uniti Group Stock Down 1.5%

Shares of UNIT stock traded down $0.07 on Wednesday, hitting $4.34. The company had a trading volume of 76,590 shares, compared to its average volume of 2,171,549. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.31. The company has a 50-day moving average price of $4.66 and a 200-day moving average price of $5.27. The firm has a market cap of $1.06 billion, a P/E ratio of 10.57 and a beta of 1.59.

Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $293.91 million during the quarter, compared to analyst estimates of $295.39 million. During the same quarter in the previous year, the business earned $0.32 EPS. Uniti Group's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Uniti Group Company 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.