Uniti Group Inc. (NASDAQ:UNIT) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,462,900 shares of the real estate investment trust's stock after selling 1,314,923 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.60% of Uniti Group worth $8,046,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Uniti Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,937,013 shares of the real estate investment trust's stock worth $43,654,000 after acquiring an additional 62,377 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Uniti Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 6,317,569 shares of the real estate investment trust's stock valued at $34,754,000 after buying an additional 101,702 shares in the last quarter. Apollo Management Holdings L.P. increased its position in shares of Uniti Group by 4.6% in the fourth quarter. Apollo Management Holdings L.P. now owns 5,239,917 shares of the real estate investment trust's stock valued at $28,820,000 after buying an additional 231,977 shares in the last quarter. Northern Trust Corp increased its position in shares of Uniti Group by 12.0% in the fourth quarter. Northern Trust Corp now owns 2,748,895 shares of the real estate investment trust's stock valued at $15,119,000 after buying an additional 295,104 shares in the last quarter. Finally, King Street Capital Management L.P. increased its position in shares of 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 valued at $14,300,000 after buying an additional 1,040,000 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

Uniti Group Stock Down 2.4%

Shares of UNIT traded down $0.11 during trading hours on Wednesday, reaching $4.38. 1,829,321 shares of the company traded hands, compared to its average volume of 2,523,910. The stock has a market capitalization of $1.08 billion, a PE ratio of 10.68 and a beta of 1.59. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.31. The stock has a fifty day simple moving average of $4.73 and a 200 day simple moving average of $5.32.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citigroup restated a "neutral" rating and issued a $5.30 price target on shares of Uniti Group in a research report on Friday, May 16th. 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 report on Thursday, May 8th. Finally, Raymond James upgraded Uniti Group from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $6.00 to $8.00 in a research report on Monday, February 24th.

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.