Strategic Financial Concepts LLC raised its stake in Uniti Group Inc. (NASDAQ:UNIT - Free Report) by 449.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 970,590 shares of the real estate investment trust's stock after acquiring an additional 794,049 shares during the quarter. Strategic Financial Concepts LLC owned approximately 0.40% of Uniti Group worth $5,338,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of UNIT. King Street Capital Management L.P. acquired a new position in shares of Uniti Group during the 3rd quarter worth approximately $8,798,000. Paloma Partners Management Co acquired a new position in shares of Uniti Group during the 3rd quarter worth approximately $6,218,000. Bank of Montreal Can raised its stake in shares of Uniti Group by 136.2% during the 3rd quarter. Bank of Montreal Can now owns 1,558,969 shares of the real estate investment trust's stock worth $9,104,000 after buying an additional 898,852 shares during the period. Mizuho Markets Americas LLC raised its stake 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 buying an additional 670,000 shares during the period. Finally, Algert Global LLC raised its stake in shares of Uniti Group by 373.0% during the 3rd quarter. Algert Global LLC now owns 750,321 shares of the real estate investment trust's stock worth $4,232,000 after buying an additional 591,678 shares during the period. 87.51% of the stock is owned by institutional investors and hedge funds.
Uniti Group Stock Performance
Shares of UNIT traded up $0.08 during trading hours on Thursday, hitting $5.55. 936,610 shares of the stock were exchanged, compared to its average volume of 1,654,704. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.71. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31. The stock's 50-day moving average price is $5.60 and its two-hundred day moving average price is $5.32.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada boosted their price target on Uniti Group from $5.50 to $6.00 and gave the stock a "sector perform" rating in a research report on Monday, December 23rd.
Read Our Latest Analysis on UNIT
Uniti Group Company Profile
(
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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