Uniti Group Inc. $UNIT Shares Bought by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Uniti Group by 20%, acquiring a total of 731,267 shares valued at approximately $3.686 million.
• Uniti Group reported $0.36 EPS for the quarter, falling short of the $0.42 consensus estimate, with a revenue of $300.73 million.
• Several analysts have recently downgraded Uniti Group's rating, including Zacks reducing it to a "strong sell" and Wall Street Zen dropping it from "hold" to "sell", leading to a current consensus rating of "Hold".

Intech Investment Management LLC increased its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 731,267 shares of the real estate investment trust's stock after purchasing an additional 122,029 shares during the period. Intech Investment Management LLC owned 0.30% of Uniti Group worth $3,686,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in Uniti Group by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 32,531 shares of the real estate investment trust's stock worth $170,000 after acquiring an additional 11,395 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Uniti Group by 287.9% in the 1st quarter. Panagora Asset Management Inc. now owns 318,066 shares of the real estate investment trust's stock valued at $1,603,000 after acquiring an additional 236,061 shares during the last quarter. Nuveen LLC acquired a new stake in Uniti Group during the first quarter worth approximately $6,158,000. Vanguard Group Inc. boosted its stake in Uniti Group by 0.4% in the first quarter. Vanguard Group Inc. now owns 36,996,734 shares of the real estate investment trust's stock valued at $186,464,000 after acquiring an additional 151,070 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Uniti Group by 457.8% during the first quarter. Russell Investments Group Ltd. now owns 127,265 shares of the real estate investment trust's stock worth $641,000 after buying an additional 104,451 shares during the period. Institutional investors and hedge funds own 87.51% of the company's stock.

Uniti Group Stock Down 2.4%

UNIT stock opened at $6.94 on Friday. Uniti Group Inc. has a 52-week low of $5.68 and a 52-week high of $12.62. The company has a market capitalization of $1.03 billion, a PE ratio of 25.22 and a beta of 1.50. The stock's 50 day moving average is $5.98 and its two-hundred day moving average is $5.10.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). Uniti Group had a net margin of 2.96% and a negative return on equity of 1.43%. The firm had revenue of $300.73 million for the quarter, compared to analyst estimates of $304.06 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. Uniti Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Uniti Group Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research cut Uniti Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Finally, Wall Street Zen lowered Uniti Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.70.

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.

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