Charles Schwab Investment Management Inc. lifted its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,874,636 shares of the real estate investment trust's stock after acquiring an additional 452,411 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.23% of Uniti Group worth $44,413,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Uniti Group by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust's stock valued at $907,000 after acquiring an additional 8,524 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Uniti Group in the 1st quarter worth about $75,000. CWM LLC boosted its holdings in shares of Uniti Group by 56.3% in the 2nd quarter. CWM LLC now owns 31,229 shares of the real estate investment trust's stock valued at $91,000 after buying an additional 11,255 shares during the period. SG Americas Securities LLC grew its position in shares of Uniti Group by 106.3% during the 2nd quarter. SG Americas Securities LLC now owns 47,519 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 24,481 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Uniti Group by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 272,836 shares of the real estate investment trust's stock worth $797,000 after acquiring an additional 10,523 shares during the period. 87.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reiterated a "sector perform" rating and issued a $5.50 target price on shares of Uniti Group in a research note on Thursday, August 29th.
Check Out Our Latest Research Report on UNIT
Uniti Group Price Performance
Shares of NASDAQ UNIT traded up $0.01 during midday trading on Monday, hitting $5.92. 3,307,271 shares of the company's stock were exchanged, compared to its average volume of 2,625,268. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.71. The firm has a market cap of $1.45 billion, a P/E ratio of 14.44 and a beta of 1.31. The stock's 50 day moving average price is $5.64 and its 200-day moving average price is $4.44.
Uniti Group Company Profile
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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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