BNP Paribas Financial Markets boosted its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 206.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,489 shares of the real estate investment trust's stock after acquiring an additional 143,210 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Uniti Group worth $1,198,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Uniti Group during the second quarter worth approximately $28,000. Meeder Advisory Services Inc. acquired a new stake in shares of Uniti Group in the second quarter valued at approximately $36,000. Everhart Financial Group Inc. acquired a new stake in shares of Uniti Group in the second quarter valued at approximately $41,000. Choreo LLC acquired a new stake in shares of Uniti Group in the second quarter valued at approximately $41,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Uniti Group by 138.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,194 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 12,291 shares in the last quarter. Institutional investors own 87.51% of the company's stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada reissued a "sector perform" rating and issued a $5.50 price target on shares of Uniti Group in a report on Thursday, August 29th.
Check Out Our Latest Research Report on UNIT
Uniti Group Price Performance
Shares of NASDAQ UNIT traded up $0.17 during midday trading on Tuesday, reaching $5.82. 2,107,734 shares of the stock were exchanged, compared to its average volume of 2,616,891. The business has a 50-day simple moving average of $5.68 and a two-hundred day simple moving average of $4.54. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.20 and a beta of 1.35. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.71.
About Uniti Group
(
Free Report)
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.
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