Mizuho Markets Americas LLC Purchases 670,000 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Mizuho Markets Americas LLC lifted its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 548.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,054 shares of the real estate investment trust's stock after buying an additional 670,000 shares during the period. Mizuho Markets Americas LLC owned approximately 0.32% of Uniti Group worth $4,467,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Uniti Group by 18.7% in the 1st quarter. BNP Paribas Financial Markets now owns 126,095 shares of the real estate investment trust's stock valued at $744,000 after purchasing an additional 19,830 shares during the period. ProShare Advisors LLC increased its holdings in Uniti Group by 7.5% during the first quarter. ProShare Advisors LLC now owns 48,051 shares of the real estate investment trust's stock worth $284,000 after buying an additional 3,339 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Uniti Group by 174.0% in the first quarter. Jupiter Asset Management Ltd. now owns 680,461 shares of the real estate investment trust's stock worth $4,015,000 after acquiring an additional 432,158 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Uniti Group by 9.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,934 shares of the real estate investment trust's stock valued at $1,639,000 after acquiring an additional 24,211 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Uniti Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 38,442,169 shares of the real estate investment trust's stock valued at $226,809,000 after acquiring an additional 542,485 shares during the period. 87.51% of the stock is owned by institutional investors.

Uniti Group Price Performance

NASDAQ:UNIT traded up $0.13 on Friday, reaching $5.59. 2,367,591 shares of the company's stock were exchanged, compared to its average volume of 2,220,511. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 13.63 and a beta of 1.31. The stock has a fifty day simple moving average of $5.52 and a 200-day simple moving average of $4.31. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $5.50 price objective on shares of Uniti Group in a report on Thursday, August 29th.

About Uniti Group

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.