7 hours Ago By Defense World Staff
Russell Investments Group Ltd. grew its stake in shares of Uniti Group Inc. (NASDAQ:UNIT – Free Report) by 23.
2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,814 shares of the real estate investment trust’s stock after buying an additional 4,293 shares during the period. Russell Investments Group Ltd.
’s holdings in Uniti Group were worth $125,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp bought a new stake in Uniti Group during the 3rd quarter worth approximately $92,000.
Virtu Financial LLC bought a new position in shares of Uniti Group in the third quarter worth $70,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Uniti Group in the third quarter worth $986,000. Franklin Resources Inc.
boosted its stake in Uniti Group by 2.2% during the third quarter. Franklin Resources Inc.
now owns 106,104 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 2,328 shares during the period. Finally, CWA Asset Management Group LLC grew its position in Uniti Group by 14.6% during the fourth quarter.
CWA Asset Management Group LLC now owns 78,482 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 10,023 shares in the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.
Uniti Group Stock PerformanceNASDAQ UNIT opened at $4.76 on Friday. Uniti Group Inc.
has a 52-week low of $2.57 and a 52-week high of $6.31.
The company has a fifty day moving average of $4.98 and a 200-day moving average of $5.41.
The company has a market capitalization of $1.16 billion, a P/E ratio of 11.61 and a beta of 1.
57. Uniti Group (NASDAQ:UNIT – Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.
35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02.
The firm had revenue of $293.32 million during 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, analysts forecast that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.
Wall Street Analysts Forecast GrowthSeparately, Raymond James upgraded Uniti Group from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $6.00 to $8.00 in a research report on Monday, February 24th.
Read Our Latest Stock Analysis on UNITUniti Group 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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