UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Uniti Group Inc. (NASDAQ:UNIT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 683,626 shares of the real estate investment trust's stock after purchasing an additional 94,903 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Uniti Group worth $3,760,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Voloridge Investment Management LLC boosted its position in shares of Uniti Group by 52.3% during the 4th quarter. Voloridge Investment Management LLC now owns 510,504 shares of the real estate investment trust's stock worth $2,808,000 after purchasing an additional 175,308 shares during the period. Two Sigma Advisers LP raised its position in Uniti Group by 276.0% in the fourth quarter. Two Sigma Advisers LP now owns 254,200 shares of the real estate investment trust's stock valued at $1,398,000 after purchasing an additional 186,600 shares during the period. Tidal Investments LLC acquired a new position in Uniti Group during the fourth quarter worth $98,000. Sona Asset Management US LLC boosted its position in shares of Uniti Group by 100.0% during 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 buying an additional 600,000 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Uniti Group by 30.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,130,604 shares of the real estate investment trust's stock valued at $6,218,000 after buying an additional 260,740 shares in the last quarter. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UNIT shares. Raymond James upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $6.00 to $8.00 in a report on Monday, February 24th. Citigroup reiterated a "neutral" rating and set a $5.30 price target on shares of Uniti Group in a research note on Friday, May 16th. Finally, Wells Fargo & Company reduced their price target on shares of 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 Uniti Group stock traded up $0.04 during trading hours on Friday, reaching $4.35. 926,265 shares of the company were exchanged, compared to its average volume of 2,495,881. The firm has a market cap of $1.07 billion, a PE ratio of 10.61 and a beta of 1.48. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.31. The stock's fifty day moving average is $4.56 and its 200 day moving average is $5.19.

Uniti Group (NASDAQ:UNIT - Get Free Report) last released 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 negative return on equity of 4.12% and a net margin of 8.82%. The firm had revenue of $293.91 million during the quarter, compared to analysts' expectations of $295.39 million. During the same period in the previous year, the firm posted $0.32 EPS. Uniti Group's revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts expect that Uniti Group Inc. will post 1.28 earnings per share 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.