XTX Topco Ltd Purchases New Position in Uniti Group Inc. (NASDAQ:UNIT)

Key Points

• XTX Topco Ltd invested approximately $364,000 in Uniti Group Inc. by acquiring 72,147 shares during the first quarter.
• Recent analyst ratings for Uniti Group have varied, with Citigroup maintaining a "neutral" stance and Wells Fargo increasing its price target from $4.50 to $7.50.
• Uniti Group reported $0.36 earnings per share in its latest earnings release, missing analyst expectations by $0.06, while the company had a net margin of 2.96%.

XTX Topco Ltd purchased a new stake in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 72,147 shares of the real estate investment trust's stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV bought a new position in Uniti Group during the 1st quarter valued at approximately $28,000. Inspire Advisors LLC purchased a new stake in shares of Uniti Group in the 1st quarter worth approximately $66,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Uniti Group in the 1st quarter worth approximately $67,000. Corton Capital Inc. purchased a new stake in shares of Uniti Group in the 1st quarter worth approximately $86,000. Finally, GAMMA Investing LLC grew its stake in shares of Uniti Group by 486.7% in 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. Institutional investors own 87.51% of the company's stock.

Wall Street Analysts Forecast Growth

UNIT has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a research report on Friday, May 16th. Wall Street Zen cut Uniti Group from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Wells Fargo & Company raised their target price on Uniti Group from $4.50 to $7.50 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Uniti Group presently has a consensus rating of "Hold" and a consensus target price of $6.70.

Uniti Group Price Performance

Shares of UNIT stock traded up $0.11 during trading hours on Tuesday, hitting $6.75. The stock had a trading volume of 3,562,291 shares, compared to its average volume of 2,309,414. Uniti Group Inc. has a one year low of $6.32 and a one year high of $12.62. The stock's 50-day moving average price is $4.94 and its two-hundred day moving average price is $4.95. The stock has a market capitalization of $998.87 million, a price-to-earnings ratio of 24.53 and a beta of 1.47.

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