72,147 Shares in Uniti Group Inc. (NASDAQ:UNIT) Purchased by XTX Topco Ltd

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 acquired a new position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 acquired a new position in shares of Uniti Group during the first quarter worth approximately $28,000. Inspire Advisors LLC bought a new position in Uniti Group during the first quarter worth $66,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Uniti Group during the 1st quarter valued at $67,000. Corton Capital Inc. bought a new stake in Uniti Group in the 1st quarter valued at $86,000. Finally, Tidal Investments LLC acquired a new stake in Uniti Group in the 4th quarter worth $98,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Uniti Group Price Performance

Shares of Uniti Group stock traded down $0.22 during trading on Thursday, hitting $6.54. 632,737 shares of the company's stock traded hands, compared to its average volume of 1,212,802. The company has a market cap of $967.05 million, a PE ratio of 23.75 and a beta of 1.47. The firm's fifty day moving average price is $4.99 and its 200 day moving average price is $4.96. Uniti Group Inc. has a twelve month low of $6.32 and a twelve month high of $12.62.

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

Analyst Upgrades and Downgrades

UNIT has been the subject of several research reports. Wells Fargo & Company increased their target price on shares of Uniti Group from $4.50 to $7.50 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Uniti Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Citigroup reissued a "neutral" rating and set a $5.30 price objective on shares of Uniti Group in a report on Friday, May 16th. One research 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. Based on data from MarketBeat, Uniti Group has an average rating of "Hold" and an average target price of $6.70.

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.