LSV Asset Management decreased its stake in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,643,519 shares of the real estate investment trust's stock after selling 190,300 shares during the period. LSV Asset Management owned about 2.72% of Uniti Group worth $36,539,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UNIT. Signaturefd LLC grew its stake in shares of Uniti Group by 51.3% in the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 2,870 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Uniti Group in the 4th quarter worth about $68,000. Virtu Financial LLC purchased a new stake in Uniti Group in the 3rd quarter valued at about $70,000. Handelsbanken Fonder AB bought a new position in shares of Uniti Group during the 4th quarter worth approximately $71,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Uniti Group in the 3rd quarter worth approximately $74,000. Institutional investors own 87.51% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Raymond James raised Uniti Group from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the stock from $6.00 to $8.00 in a research report on Monday, February 24th. Royal Bank of Canada boosted their price target on shares of Uniti Group from $5.50 to $6.00 and gave the stock a "sector perform" rating in a report on Monday, December 23rd.
Check Out Our Latest Report on Uniti Group
Uniti Group Stock Performance
NASDAQ UNIT traded up $0.20 on Thursday, hitting $4.76. 902,750 shares of the stock traded hands, compared to its average volume of 2,722,420. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.57 and a beta of 1.57. The business's fifty day moving average is $5.10 and its two-hundred day moving average is $5.45. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.31.
Uniti Group (NASDAQ:UNIT - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $293.32 million for the quarter, compared to the consensus estimate of $294.59 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Analysts expect that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.
About Uniti Group
(
Free Report)
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.
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