Segall Bryant & Hamill LLC trimmed its holdings in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 53.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 426,486 shares of the real estate investment trust's stock after selling 487,252 shares during the quarter. Segall Bryant & Hamill LLC owned 0.17% of Uniti Group worth $2,405,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in UNIT. AQR Capital Management LLC boosted its stake in shares of Uniti Group by 244.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust's stock worth $6,584,000 after acquiring an additional 1,600,628 shares in the last quarter. Davidson Kempner Capital Management LP boosted its stake in shares of Uniti Group by 17.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust's stock worth $16,002,000 after acquiring an additional 825,000 shares in the last quarter. Mizuho Markets Americas LLC raised its position in shares of Uniti Group by 548.9% during the 3rd quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust's stock worth $4,467,000 after purchasing an additional 670,000 shares during the last quarter. Vanguard Group Inc. raised 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 worth $226,809,000 after purchasing an additional 542,485 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in shares of Uniti Group by 352.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 653,203 shares of the real estate investment trust's stock worth $1,907,000 after purchasing an additional 508,699 shares during the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada restated a "sector perform" rating and set a $5.50 price target on shares of Uniti Group in a research report on Thursday, August 29th.
Get Our Latest Stock Analysis on UNIT
Uniti Group Stock Performance
Shares of UNIT traded up $0.21 during mid-day trading on Friday, hitting $6.11. 2,776,032 shares of the company were exchanged, compared to its average volume of 2,331,533. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 14.90 and a beta of 1.31. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.71. The company has a 50 day moving average of $5.57 and a 200-day moving average of $4.35.
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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