Uniti Group Inc. (NASDAQ:UNIT) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 276.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,200 shares of the real estate investment trust's stock after acquiring an additional 186,600 shares during the period. Two Sigma Advisers LP owned about 0.10% of Uniti Group worth $1,398,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. King Street Capital Management L.P. grew its position in shares of Uniti Group by 66.7% during the 4th quarter. King Street Capital Management L.P. now owns 2,600,000 shares of the real estate investment trust's stock valued at $14,300,000 after acquiring an additional 1,040,000 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Uniti Group by 449.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 970,590 shares of the real estate investment trust's stock worth $5,338,000 after buying an additional 794,049 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Uniti Group by 136.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,363,732 shares of the real estate investment trust's stock worth $7,501,000 after acquiring an additional 787,319 shares during the period. LMR Partners LLP bought a new position in shares of Uniti Group in the fourth quarter worth about $4,230,000. Finally, Sona Asset Management US LLC boosted its stake in shares of Uniti Group by 100.0% in the fourth quarter. Sona Asset Management US LLC now owns 1,200,000 shares of the real estate investment trust's stock worth $6,600,000 after acquiring an additional 600,000 shares during the period. Institutional investors own 87.51% of the company's stock.

Uniti Group Stock Up 2.3%

Shares of UNIT stock traded up $0.10 on Tuesday, hitting $4.41. The stock had a trading volume of 1,050,487 shares, compared to its average volume of 2,166,891. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.31. The company has a market cap of $1.08 billion, a PE ratio of 10.76 and a beta of 1.59. The business has a 50 day moving average price of $4.61 and a 200 day moving average price of $5.22.

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 analysts' consensus estimates of $0.35. The business had revenue of $293.91 million during the quarter, compared to the consensus estimate of $295.39 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The firm's revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UNIT shares. Wells Fargo & Company dropped their price target on Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Raymond James upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $6.00 to $8.00 in a research report on Monday, February 24th. Finally, Citigroup restated a "neutral" rating and set a $5.30 target price on shares of Uniti Group in a research report on Friday, May 16th.

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.