Barclays PLC Reduces Stock Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Barclays PLC decreased its position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 56.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,105 shares of the real estate investment trust's stock after selling 562,134 shares during the period. Barclays PLC owned approximately 0.18% of Uniti Group worth $2,455,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UNIT. Charles Schwab Investment Management Inc. raised its holdings in shares of Uniti Group by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust's stock valued at $44,413,000 after buying an additional 452,411 shares in the last quarter. Davidson Kempner Capital Management LP raised its stake in shares of Uniti Group by 17.7% during the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust's stock worth $16,002,000 after acquiring an additional 825,000 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Uniti Group by 244.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust's stock worth $6,584,000 after acquiring an additional 1,600,628 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Uniti Group by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,869,032 shares of the real estate investment trust's stock valued at $5,458,000 after purchasing an additional 74,832 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Uniti Group by 14.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,742,412 shares of the real estate investment trust's stock valued at $5,088,000 after purchasing an additional 219,245 shares during the last quarter. Institutional investors own 87.51% of the company's stock.

Analyst Upgrades and Downgrades

Separately, 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 research note on Monday.

Uniti Group Stock Down 0.9 %

Shares of Uniti Group stock traded down $0.05 on Thursday, hitting $5.47. The stock had a trading volume of 745,020 shares, compared to its average volume of 2,587,263. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71. The stock's 50-day simple moving average is $5.74 and its two-hundred day simple moving average is $4.73. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 13.34 and a beta of 1.35.

Uniti Group Company Profile

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.