Two Sigma Advisers LP Buys 186,600 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Two Sigma Advisers LP raised its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 276.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UNIT. King Street Capital Management L.P. lifted its position in Uniti Group by 66.7% in the fourth quarter. King Street Capital Management L.P. now owns 2,600,000 shares of the real estate investment trust's stock worth $14,300,000 after purchasing an additional 1,040,000 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of 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 valued at $5,338,000 after buying an additional 794,049 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Uniti Group by 136.6% during the 4th 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 during the 4th quarter worth about $4,230,000. Finally, Sona Asset Management US LLC boosted its position in shares of Uniti Group by 100.0% during the 4th quarter. Sona Asset Management US LLC now owns 1,200,000 shares of the real estate investment trust's stock valued at $6,600,000 after acquiring an additional 600,000 shares in the last quarter. Institutional investors and hedge funds own 87.51% of the company's stock.

Uniti Group Trading Down 2.5%

UNIT stock traded down $0.11 during trading on Wednesday, hitting $4.32. 1,177,507 shares of the stock traded hands, compared to its average volume of 2,497,431. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.54 and a beta of 1.59. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.31. The company has a 50 day simple moving average of $4.59 and a 200 day simple moving average of $5.21.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $293.91 million during the quarter, compared to analysts' expectations of $295.39 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Uniti Group's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 earnings per share. As a group, analysts predict that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UNIT shares. Wells Fargo & Company dropped their price target on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Raymond James upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $6.00 to $8.00 in a research note 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.