UBS Group AG Acquires 75,356 Shares of Uniti Group Inc. $UNIT

UBS Group AG lifted its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 12.1% in the 4th quarter, HoldingsChannel reports. The fund owned 695,743 shares of the real estate investment trust’s stock after purchasing an additional 75,356 shares during the period. UBS Group AG’s holdings in Uniti Group were worth $4,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNIT. Vanguard Group Inc. increased its position in shares of Uniti Group by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 23,202,733 shares of the real estate investment trust’s stock worth $162,651,000 after acquiring an additional 6,494,001 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Uniti Group by 2,208.3% during the fourth quarter. SG Americas Securities LLC now owns 995,163 shares of the real estate investment trust’s stock worth $6,976,000 after purchasing an additional 952,050 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Uniti Group by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,604,599 shares of the real estate investment trust’s stock worth $23,207,000 after purchasing an additional 877,911 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Uniti Group during the third quarter worth about $4,884,000. Finally, Thematics Asset Management purchased a new position in Uniti Group during the third quarter worth about $3,900,000. 87.51% of the stock is owned by institutional investors.

Uniti Group Stock Up 1.6%

NASDAQ UNIT opened at $11.12 on Friday. The company’s 50 day moving average is $10.18 and its 200-day moving average is $8.28. Uniti Group Inc. has a 12-month low of $5.30 and a 12-month high of $12.39. The firm has a market cap of $2.70 billion, a P/E ratio of 3.32 and a beta of 1.44.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings results on Monday, May 11th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.01. Uniti Group had a net margin of 39.61% and a negative return on equity of 2.52%. The company had revenue of $987.50 million for the quarter, compared to analyst estimates of $930.08 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 236.0% compared to the same quarter last year. Equities analysts expect that Uniti Group Inc. will post -1.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Uniti Group from $6.50 to $7.50 and gave the stock a “sector perform” rating in a report on Monday, April 13th. Wells Fargo & Company boosted their price target on shares of Uniti Group from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. UBS Group set a $12.00 target price on shares of Uniti Group in a research note on Tuesday, May 12th. TD Cowen boosted their target price on shares of Uniti Group from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Williams Trading set a $12.00 target price on shares of Uniti Group in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.92.

Uniti Group Profile

Uniti Group Inc is a real estate investment trust that owns, operates and acquires communications infrastructure assets across the United States. Established in September 2015 through a spin-off from Windstream Holdings, Uniti Group focuses on leasing fiber, small cell networks, cell towers and related infrastructure to service providers, wireless carriers and other enterprises requiring high-capacity connectivity. The company’s assets are designed to support the growing data demands of residential, business and governmental customers, with an emphasis on long-term contractual lease arrangements.

Uniti’s portfolio encompasses an extensive fiber network that spans metropolitan and rural markets, as well as a portfolio of wireless towers and small cell nodes that facilitate mobile network densification and help carriers deploy 5G services.