Jump Financial LLC Buys Shares of 76,000 Uniti Group Inc. $UNIT

Jump Financial LLC acquired a new position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 76,000 shares of the real estate investment trust's stock, valued at approximately $383,000.

A number of other large investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Uniti Group by 10.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust's stock worth $137,000 after buying an additional 2,447 shares during the last quarter. California State Teachers Retirement System increased its holdings in Uniti Group by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 228,227 shares of the real estate investment trust's stock worth $1,255,000 after buying an additional 3,287 shares during the last quarter. KBC Group NV purchased a new stake in Uniti Group during the first quarter worth about $28,000. CWM LLC increased its holdings in Uniti Group by 25.2% during the first quarter. CWM LLC now owns 36,571 shares of the real estate investment trust's stock worth $184,000 after buying an additional 7,356 shares during the last quarter. Finally, Range Financial Group LLC increased its holdings in Uniti Group by 22.3% during the first quarter. Range Financial Group LLC now owns 44,699 shares of the real estate investment trust's stock worth $225,000 after buying an additional 8,137 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

Uniti Group Price Performance

Shares of UNIT traded up $0.19 during trading hours on Friday, hitting $6.44. The company's stock had a trading volume of 2,460,739 shares, compared to its average volume of 2,908,549. The company has a market cap of $953.02 million, a price-to-earnings ratio of 23.41 and a beta of 1.50. The business has a 50 day simple moving average of $5.71 and a two-hundred day simple moving average of $5.06. Uniti Group Inc. has a 52-week low of $5.68 and a 52-week high of $12.62.

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 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.06). Uniti Group had a net margin of 2.96% and a negative return on equity of 1.43%. The firm had revenue of $300.73 million during the quarter, compared to the consensus estimate of $304.06 million. During the same quarter last year, the business posted $0.34 earnings per share. Uniti Group's revenue was up 2.0% compared to the same quarter last year. Uniti Group has set its FY 2025 guidance at EPS. Research analysts predict that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Uniti Group from $4.50 to $7.50 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Citigroup restated a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a report on Friday, May 16th. Finally, Wall Street Zen downgraded 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 and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $6.70.

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.