Paloma Partners Management Co Acquires 176,999 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Paloma Partners Management Co raised its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,279,520 shares of the real estate investment trust's stock after acquiring an additional 176,999 shares during the period. Paloma Partners Management Co owned approximately 0.53% of Uniti Group worth $7,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Financial Concepts LLC increased its position in shares of Uniti Group by 449.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 970,590 shares of the real estate investment trust's stock worth $5,338,000 after purchasing an additional 794,049 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Uniti Group by 136.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,363,732 shares of the real estate investment trust's stock worth $7,501,000 after purchasing an additional 787,319 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of Uniti Group during the fourth quarter worth $3,249,000. JPMorgan Chase & Co. increased its position in shares of Uniti Group by 42.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,787,257 shares of the real estate investment trust's stock worth $9,830,000 after purchasing an additional 529,050 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Uniti Group by 30.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust's stock worth $10,612,000 after purchasing an additional 446,168 shares in the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

Uniti Group Price Performance

NASDAQ UNIT opened at $4.88 on Tuesday. The stock's fifty day moving average price is $4.97 and its 200 day moving average price is $5.41. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.31. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 11.90 and a beta of 1.57.

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

Analyst Ratings Changes

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

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.

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