Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Natixis

Natixis grew its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 839,099 shares of the real estate investment trust's stock after acquiring an additional 251,940 shares during the period. Natixis owned about 0.34% of Uniti Group worth $4,615,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UNIT. Signaturefd LLC raised its position in shares of Uniti Group by 51.3% during the 4th quarter. Signaturefd LLC now owns 8,460 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 2,870 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Uniti Group during the 4th quarter valued at about $68,000. Virtu Financial LLC purchased a new stake in Uniti Group during the 3rd quarter valued at about $70,000. Handelsbanken Fonder AB purchased a new stake in Uniti Group during the 4th quarter valued at about $71,000. Finally, Diversified Trust Co purchased a new stake in Uniti Group during the 4th quarter valued at about $74,000. Institutional investors and hedge funds own 87.51% of the company's stock.

Uniti Group Stock Down 0.8 %

Shares of Uniti Group stock traded down $0.04 during mid-day trading on Friday, hitting $4.76. The stock had a trading volume of 1,226,189 shares, compared to its average volume of 2,696,793. The firm has a 50-day moving average of $4.98 and a two-hundred day moving average of $5.41. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.31. The firm has a market cap of $1.16 billion, a P/E ratio of 11.61 and a beta of 1.57.

Uniti Group (NASDAQ:UNIT - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The business had revenue of $293.32 million during the quarter, compared to analysts' expectations of $294.59 million. Sell-side analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Raymond James raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $6.00 to $8.00 in a research note on Monday, February 24th.

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.