Uniti Group Inc. $UNIT Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Uniti Group Inc. by 7.6% in Q1, owning about 1,573,597 shares valued at approximately $7.93 million.
• Several large investors also adjusted their positions in Uniti Group, with 87.51% of the stock held by hedge funds and institutional investors.
• Uniti Group's stock recently dropped 4.1%, with a current price of $6.85, and the company reported an EPS of $0.36, missing analyst estimates by $0.06.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,573,597 shares of the real estate investment trust's stock after buying an additional 110,697 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.64% of Uniti Group worth $7,931,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of UNIT. KBC Group NV acquired a new position in shares of Uniti Group during the 1st quarter worth $28,000. American Century Companies Inc. acquired a new position in shares of Uniti Group during the 1st quarter worth $65,000. Inspire Advisors LLC acquired a new position in shares of Uniti Group during the 1st quarter worth $66,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Uniti Group during the 1st quarter worth $67,000. Finally, Corton Capital Inc. acquired a new position in shares of Uniti Group during the 1st quarter worth $86,000. Hedge funds and other institutional investors own 87.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UNIT. 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 note on Thursday, August 7th. Wall Street Zen cut shares of Uniti Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Zacks Research cut shares of Uniti Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.70.

Uniti Group Stock Performance

NASDAQ UNIT traded down $0.18 during trading hours on Tuesday, reaching $6.59. The company's stock had a trading volume of 2,078,458 shares, compared to its average volume of 3,224,359. The stock has a market cap of $975.19 million, a PE ratio of 23.95 and a beta of 1.50. Uniti Group Inc. has a fifty-two week low of $5.68 and a fifty-two week high of $12.62. The company's 50-day moving average is $6.07 and its two-hundred day moving average is $5.11.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued 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 business had revenue of $300.73 million during the quarter, compared to analyst estimates of $304.06 million. During the same period in the previous year, the company posted $0.34 earnings per share. Uniti Group's revenue was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. Equities analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Uniti Group 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.