Harvest Investment Services LLC bought a new position in shares of Uniti Group Inc. (NASDAQ:UNIT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 97,428 shares of the real estate investment trust's stock, valued at approximately $536,000.
A number of other large investors have also recently bought and sold shares of UNIT. Signaturefd LLC lifted 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 purchasing an additional 2,870 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Uniti Group during the fourth quarter valued at approximately $68,000. Virtu Financial LLC acquired a new position in Uniti Group in the 3rd quarter valued at $70,000. Handelsbanken Fonder AB purchased a new position in shares of Uniti Group in the fourth quarter worth about $71,000. Finally, Diversified Trust Co acquired a new position in shares of Uniti Group during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 87.51% of the company's stock.
Uniti Group Stock Performance
UNIT opened at $4.65 on Wednesday. The stock has a market capitalization of $1.14 billion, a PE ratio of 11.34 and a beta of 1.57. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.31. The business's 50 day moving average price is $5.04 and its 200 day moving average price is $5.43.
Uniti Group (NASDAQ:UNIT - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $293.32 million for the quarter, compared to analyst estimates of $294.59 million. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. As a group, equities research 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 raised shares of Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from $6.00 to $8.00 in a report on Monday, February 24th.
Get Our Latest Analysis on Uniti Group
About Uniti Group
(
Free Report)
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.
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