Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in Uniti Group Inc. (NASDAQ:UNIT)

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

Other large investors have also modified their holdings of the company. KBC Group NV purchased a new position in shares of Uniti Group during the first quarter valued at approximately $28,000. Tidal Investments LLC bought a new stake in shares of Uniti Group during the fourth quarter valued at approximately $98,000. GAMMA Investing LLC raised its stake in shares of Uniti Group by 486.7% during the first quarter. GAMMA Investing LLC now owns 18,522 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 15,365 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Uniti Group by 23.2% during the fourth quarter. Russell Investments Group Ltd. now owns 22,814 shares of the real estate investment trust's stock valued at $125,000 after acquiring an additional 4,293 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Uniti Group by 10.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,834 shares of the real estate investment trust's stock valued at $137,000 after acquiring an additional 2,447 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UNIT. Citigroup reaffirmed a "neutral" rating and set a $5.30 price target on shares of Uniti Group in a research note on Friday, May 16th. Wells Fargo & Company reduced their price objective on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Thursday, May 8th.

Uniti Group Stock Performance

NASDAQ:UNIT traded down $0.41 during trading hours on Friday, reaching $4.91. The company's stock had a trading volume of 3,669,697 shares, compared to its average volume of 2,728,479. The company has a market capitalization of $1.21 billion, a P/E ratio of 18.89 and a beta of 1.47. Uniti Group Inc. has a 12 month low of $3.51 and a 12 month high of $6.31. The stock has a 50 day moving average price of $4.57 and a two-hundred day moving average price of $4.90.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $293.91 million for the quarter, compared to the consensus estimate of $295.39 million. Uniti Group had a negative return on equity of 2.60% and a net margin of 5.45%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, analysts predict 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.