101,545 Shares in Uniti Group Inc. (NASDAQ:UNIT) Acquired by Michels Family Financial LLC

Michels Family Financial LLC purchased a new position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 101,545 shares of the real estate investment trust's stock, valued at approximately $558,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Uniti Group by 51.3% in the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 2,870 shares during the period. Proficio Capital Partners LLC acquired a new stake in Uniti Group during the fourth quarter worth about $68,000. Handelsbanken Fonder AB bought a new position in Uniti Group in the fourth quarter worth about $71,000. Ballentine Partners LLC boosted its stake in Uniti Group by 35.1% in the fourth quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 3,966 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Uniti Group by 20.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,376 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 2,790 shares during the last quarter. Institutional investors own 87.51% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on UNIT shares. Citigroup reaffirmed a "neutral" rating and issued a $5.30 price objective on shares of Uniti Group in a report on Friday, May 16th. Raymond James raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $6.00 to $8.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their price target on 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.

Uniti Group Stock Performance

Shares of NASDAQ:UNIT traded up $0.20 during midday trading on Tuesday, reaching $4.40. The company had a trading volume of 1,857,545 shares, compared to its average volume of 2,519,293. The company has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $5.27. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 10.73 and a beta of 1.59. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.31.

Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The company had revenue of $293.91 million during the quarter, compared to analysts' expectations of $295.39 million. During the same period last year, the company posted $0.32 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. 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.