Uniti Group Inc. (NASDAQ:UNIT) Stock Holdings Lowered by First Trust Advisors LP

First Trust Advisors LP reduced its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 29.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,109 shares of the real estate investment trust's stock after selling 57,862 shares during the period. First Trust Advisors LP owned approximately 0.06% of Uniti Group worth $771,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Uniti Group in the third quarter valued at about $70,000. Franklin Resources Inc. increased its stake in Uniti Group by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 106,104 shares of the real estate investment trust's stock valued at $572,000 after purchasing an additional 2,328 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Uniti Group by 14.6% during the fourth quarter. CWA Asset Management Group LLC now owns 78,482 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 10,023 shares during the last quarter. Diversified Trust Co purchased a new stake in Uniti Group during the fourth quarter worth $74,000. Finally, Ballentine Partners LLC grew its holdings in Uniti Group by 35.1% in the fourth quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 3,966 shares during the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

Uniti Group Trading Up 2.0 %

Shares of UNIT traded up $0.09 during mid-day trading on Friday, reaching $4.52. The company had a trading volume of 2,153,542 shares, compared to its average volume of 2,526,688. The firm has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $5.35. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.31. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 11.02 and a beta of 1.59.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. The business had revenue of $293.91 million for the quarter, compared to analysts' expectations of $295.39 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, equities analysts predict that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James raised Uniti Group from an "outperform" rating to a "strong-buy" rating and lifted their price target for the stock from $6.00 to $8.00 in a research note on Monday, February 24th. Wells Fargo & Company reduced 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.

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.