Bienville Capital Management LLC Has $876,000 Stock Position in Uniti Group Inc. (NASDAQ:UNIT)

Bienville Capital Management LLC decreased its stake in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 60.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 159,249 shares of the real estate investment trust's stock after selling 241,906 shares during the quarter. Bienville Capital Management LLC owned 0.07% of Uniti Group worth $876,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Uniti Group by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,344,312 shares of the real estate investment trust's stock valued at $7,394,000 after purchasing an additional 51,241 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Uniti Group by 2.2% in the third quarter. Franklin Resources Inc. now owns 106,104 shares of the real estate investment trust's stock valued at $572,000 after buying an additional 2,328 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Uniti Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,937,013 shares of the real estate investment trust's stock valued at $43,654,000 after purchasing an additional 62,377 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Uniti Group by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 255,119 shares of the real estate investment trust's stock worth $1,402,000 after buying an additional 2,397 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Uniti Group by 9.2% during the 4th quarter. Prudential Financial Inc. now owns 589,789 shares of the real estate investment trust's stock worth $3,244,000 after buying an additional 49,537 shares during the period. Institutional investors own 87.51% of the company's stock.

Uniti Group Stock Down 6.5 %

Shares of UNIT traded down $0.30 during mid-day trading on Wednesday, hitting $4.23. 945,519 shares of the company's stock were exchanged, compared to its average volume of 2,565,482. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.31. The stock's 50-day simple moving average is $4.87 and its 200-day simple moving average is $5.38. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.35 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 for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $293.91 million for the quarter, compared to the consensus estimate of $295.39 million. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Analysts forecast that Uniti Group Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Uniti Group

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.