CWA Asset Management Group LLC Has $736,000 Holdings in Uniti Group Inc. (NASDAQ:UNIT)

CWA Asset Management Group LLC increased its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 86.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,043 shares of the real estate investment trust's stock after acquiring an additional 67,561 shares during the quarter. CWA Asset Management Group LLC owned about 0.06% of Uniti Group worth $736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Uniti Group by 10.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust's stock worth $137,000 after acquiring an additional 2,447 shares during the last quarter. Arizona State Retirement System boosted its stake in Uniti Group by 3.6% during the 4th quarter. Arizona State Retirement System now owns 70,798 shares of the real estate investment trust's stock worth $389,000 after acquiring an additional 2,460 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Uniti Group by 20.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,376 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 2,790 shares during the last quarter. Signaturefd LLC boosted its stake in Uniti Group by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 2,870 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Uniti Group by 3.0% during the 4th quarter. Franklin Resources Inc. now owns 109,243 shares of the real estate investment trust's stock worth $601,000 after acquiring an additional 3,139 shares during the last quarter. Institutional investors own 87.51% of the company's stock.

Uniti Group Stock Performance

UNIT stock traded down $0.01 during mid-day trading on Friday, hitting $4.08. 3,187,006 shares of the company were exchanged, compared to its average volume of 2,399,878. The firm has a market cap of $1.00 billion, a P/E ratio of 15.69 and a beta of 1.48. The firm's 50 day simple moving average is $4.49 and its 200 day simple moving average is $5.07. Uniti Group Inc. has a 1-year low of $2.59 and a 1-year high of $6.31.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. Uniti Group had a net margin of 5.45% and a negative return on equity of 2.60%. The company had revenue of $293.91 million for the quarter, compared to the consensus estimate of $295.39 million. During the same period last year, the company earned $0.32 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts predict that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UNIT. Raymond James Financial raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the stock from $6.00 to $8.00 in a research note on Monday, February 24th. Citigroup reissued a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a research note on Friday, May 16th. Finally, Wells Fargo & Company dropped their target price on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Thursday, May 8th.

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.