Tudor Investment Corp ET AL Increases Position in Uniti Group Inc. (NASDAQ:UNIT)

Tudor Investment Corp ET AL grew its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 2,490.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,100 shares of the real estate investment trust's stock after purchasing an additional 335,624 shares during the period. Tudor Investment Corp ET AL owned approximately 0.14% of Uniti Group worth $1,920,000 at the end of the most recent quarter.

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

Uniti Group Stock Up 1.8 %

UNIT traded up $0.08 during trading on Friday, reaching $4.51. The company had a trading volume of 1,656,116 shares, compared to its average volume of 2,536,390. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.31. The business has a 50 day simple moving average of $4.82 and a 200-day simple moving average of $5.37. The stock has a market cap of $1.11 billion, a P/E ratio of 11.00 and a beta of 1.59.

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

Analyst Ratings Changes

UNIT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Uniti Group from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday. Raymond James raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company 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.