Voloridge Investment Management LLC Has $2.81 Million Stake in Uniti Group Inc. (NASDAQ:UNIT)

Voloridge Investment Management LLC raised its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 510,504 shares of the real estate investment trust's stock after buying an additional 175,308 shares during the period. Voloridge Investment Management LLC owned about 0.21% of Uniti Group worth $2,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Two Sigma Advisers LP grew its stake in shares of Uniti Group by 276.0% in the fourth quarter. Two Sigma Advisers LP now owns 254,200 shares of the real estate investment trust's stock worth $1,398,000 after acquiring an additional 186,600 shares in the last quarter. Tidal Investments LLC acquired a new position in Uniti Group during the fourth quarter worth about $98,000. Sona Asset Management US LLC grew its position in 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 buying an additional 600,000 shares during the period. Nuveen Asset Management LLC grew its position in shares of Uniti Group by 30.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,130,604 shares of the real estate investment trust's stock valued at $6,218,000 after purchasing an additional 260,740 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Uniti Group by 67.2% during the fourth quarter. Lazard Asset Management LLC now owns 1,167,553 shares of the real estate investment trust's stock worth $6,420,000 after acquiring an additional 469,078 shares during the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNIT has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target 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. Citigroup reaffirmed a "neutral" rating and issued a $5.30 price target on shares of Uniti Group in a report on Friday, May 16th. Finally, Raymond James upgraded shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Monday, February 24th.

Uniti Group Trading Down 2.5%

Uniti Group stock traded down $0.11 on Friday, reaching $4.30. 1,835,670 shares of the stock were exchanged, compared to its average volume of 2,507,046. The firm has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $5.23. The stock has a market cap of $1.06 billion, a PE ratio of 10.49 and a beta of 1.59. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.31.

Uniti Group (NASDAQ:UNIT - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.82% and a negative return on equity of 4.12%. The firm had revenue of $293.91 million for the quarter, compared to analysts' expectations of $295.39 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Equities analysts anticipate that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

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.