Caxton Associates LLP Purchases Shares of 187,651 Uniti Group Inc. $UNIT

Key Points

• Caxton Associates LLP acquired a new stake in Uniti Group Inc., purchasing 187,651 shares valued at approximately $946,000, representing 0.08% of the company's stock after the latest reporting period.
• Uniti Group's stock has decreased by 4.1% and is currently trading at $6.85, with a market cap of $1.01 billion and earnings per share guidance set at 1.28.
• Analysts have mixed ratings for Uniti Group, with Wall Street Zen downgrading the stock to a "sell" while others maintain a "Moderate Buy" rating with an average price target of $6.70.

Caxton Associates LLP purchased a new stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 187,651 shares of the real estate investment trust's stock, valued at approximately $946,000. Caxton Associates LLP owned about 0.08% of Uniti Group at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UNIT. Goldman Sachs Group Inc. lifted its stake in Uniti Group by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,604,599 shares of the real estate investment trust's stock valued at $23,207,000 after buying an additional 877,911 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Uniti Group in the first quarter valued at approximately $161,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Uniti Group by 7.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,573,597 shares of the real estate investment trust's stock valued at $7,931,000 after buying an additional 110,697 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Uniti Group in the first quarter valued at approximately $817,000. Finally, AQR Capital Management LLC lifted its stake in Uniti Group by 20.7% in the first quarter. AQR Capital Management LLC now owns 1,134,963 shares of the real estate investment trust's stock valued at $5,720,000 after buying an additional 195,011 shares in the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNIT has been the topic of a number of research reports. Zacks Research lowered shares of Uniti Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 10th. Wells Fargo & Company raised their price target on shares of Uniti Group from $4.50 to $7.50 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut shares of Uniti Group from a "hold" rating to a "sell" rating in a research note 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $6.70.

Uniti Group Trading Down 3.9%

Uniti Group stock traded down $0.27 during midday trading on Tuesday, reaching $6.51. The company's stock had a trading volume of 402,685 shares, compared to its average volume of 1,464,681. Uniti Group Inc. has a 52 week low of $5.68 and a 52 week high of $12.62. The business has a 50-day moving average price of $6.03 and a 200-day moving average price of $5.10. The stock has a market cap of $962.61 million, a PE ratio of 23.61 and a beta of 1.51.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.06). The firm had revenue of $300.73 million for the quarter, compared to the consensus estimate of $304.06 million. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Uniti Group has set its FY 2025 guidance at EPS. As a group, research analysts predict that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

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.