Caxton Associates LLP Makes New Investment in 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 bought a new stake in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $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 during the first quarter valued at $161,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 acquiring an additional 110,697 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Uniti Group in the 1st quarter worth about $817,000. Finally, AQR Capital Management LLC grew its position in Uniti Group by 20.7% in the 1st 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 acquiring an additional 195,011 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on UNIT shares. Wall Street Zen downgraded Uniti Group from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Zacks Research downgraded shares of Uniti Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Wells Fargo & Company upped 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 report on Thursday, August 7th. Finally, Citigroup reissued a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $6.70.

Uniti Group Stock Down 2.4%

NASDAQ UNIT traded down $0.17 on Friday, reaching $6.94. 1,770,345 shares of the stock traded hands, compared to its average volume of 3,238,550. The firm's fifty day simple moving average is $5.98 and its 200 day simple moving average is $5.10. Uniti Group Inc. has a 12 month low of $5.68 and a 12 month high of $12.62. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 25.22 and a beta of 1.50.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released its quarterly earnings data 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 company 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 was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. Uniti Group has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast 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.