Uniti Group Inc. (NASDAQ:UNIT) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its holdings in Uniti Group Inc. by 22.1%, selling 98,255 shares, and now owns approximately 0.14% of the company valued at $1,750,000.
• Uniti Group's stock price has experienced a 5.5% decrease recently, with a market cap of $1.31 billion and a P/E ratio of 20.46.
• The company reported earnings of $0.35 per share for the last quarter, matching analyst expectations, though revenue fell short of projections at $293.91 million.

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,273 shares of the real estate investment trust's stock after selling 98,255 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Uniti Group worth $1,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UNIT. KBC Group NV purchased a new position in Uniti Group during the 1st quarter worth approximately $28,000. Tidal Investments LLC purchased a new position in Uniti Group during the 4th quarter worth approximately $98,000. GAMMA Investing LLC raised its position in Uniti Group by 486.7% during the 1st quarter. GAMMA Investing LLC now owns 18,522 shares of the real estate investment trust's stock worth $93,000 after buying an additional 15,365 shares during the last quarter. Russell Investments Group Ltd. raised its position in Uniti Group by 23.2% during the 4th quarter. Russell Investments Group Ltd. now owns 22,814 shares of the real estate investment trust's stock worth $125,000 after buying an additional 4,293 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position 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 buying an additional 2,447 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on UNIT shares. Wells Fargo & Company lowered 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. Citigroup restated a "neutral" rating and issued a $5.30 price objective on shares of Uniti Group in a research report on Friday, May 16th.

Uniti Group Price Performance

Shares of NASDAQ UNIT traded down $1.59 during midday trading on Monday, hitting $8.23. 718,888 shares of the company's stock were exchanged, compared to its average volume of 1,099,888. Uniti Group Inc. has a twelve month low of $7.02 and a twelve month high of $12.62. The company has a market cap of $2.02 billion, a PE ratio of 31.54 and a beta of 1.47. The firm's fifty day simple moving average is $4.57 and its 200-day simple moving average is $4.89.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%. The business had revenue of $293.91 million for the quarter, compared to analyst estimates of $295.39 million. During the same quarter last year, the company earned $0.32 EPS. The business's quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Uniti Group Inc. will post 1.28 EPS for the current fiscal 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.