Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 445,528 Uniti Group Inc. (NASDAQ:UNIT)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 445,528 shares of the real estate investment trust's stock, valued at approximately $2,450,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Uniti Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNIT. King Street Capital Management L.P. raised 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 valued at $14,300,000 after purchasing an additional 1,040,000 shares during the period. Strategic Financial Concepts LLC increased its position in shares of Uniti Group by 449.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 970,590 shares of the real estate investment trust's stock worth $5,338,000 after acquiring an additional 794,049 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Uniti Group by 136.6% during the fourth 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 purchased a new stake in shares of Uniti Group during the fourth quarter worth $4,230,000. Finally, Sona Asset Management US LLC increased 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 acquiring an additional 600,000 shares during the period. Hedge funds and other institutional investors own 87.51% of the company's stock.

Uniti Group Trading Up 0.9%

NASDAQ:UNIT traded up $0.04 during trading hours on Friday, hitting $4.35. The company's stock had a trading volume of 926,265 shares, compared to its average volume of 2,492,828. The stock has a market capitalization of $1.07 billion, a P/E ratio of 10.61 and a beta of 1.48. The stock has a fifty day moving average of $4.56 and a 200-day moving average of $5.19. Uniti Group Inc. has a 52-week low of $2.57 and a 52-week high of $6.31.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm 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%. Uniti Group's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts forecast that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on UNIT. Wells Fargo & Company cut their price objective on 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. Raymond James raised Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price objective for the stock from $6.00 to $8.00 in a research report on Monday, February 24th. Finally, Citigroup reaffirmed a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a research report on Friday, May 16th.

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.