Pacer Advisors Inc. increased its position in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 30.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,929,472 shares of the real estate investment trust's stock after purchasing an additional 446,168 shares during the quarter. Pacer Advisors Inc. owned approximately 0.79% of Uniti Group worth $10,612,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Inspire Investing LLC boosted its holdings in Uniti Group by 3.6% during the fourth quarter. Inspire Investing LLC now owns 73,651 shares of the real estate investment trust's stock valued at $405,000 after purchasing an additional 2,563 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Uniti Group by 8.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 160,311 shares of the real estate investment trust's stock worth $882,000 after purchasing an additional 13,135 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Uniti Group by 35.1% during the 4th quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 3,966 shares in the last quarter. Range Financial Group LLC bought a new position in Uniti Group during the 4th quarter valued at about $201,000. Finally, Diversified Trust Co bought a new stake in Uniti Group during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 87.51% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada lifted their price objective on Uniti Group from $5.50 to $6.00 and gave the company a "sector perform" rating in a research report on Monday, December 23rd.
Check Out Our Latest Stock Report on UNIT
Uniti Group Stock Performance
Shares of NASDAQ UNIT traded down $0.04 during trading on Friday, reaching $5.45. The company had a trading volume of 1,912,193 shares, compared to its average volume of 1,660,521. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The business's 50 day moving average price is $5.68 and its 200-day moving average price is $5.22. The stock has a market cap of $1.33 billion, a PE ratio of 13.29 and a beta of 1.33.
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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