Uniti Group Inc (NASDAQ:UNIT) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 14,424 put options on the company. This represents an increase of 930% compared to the typical daily volume of 1,401 put options.
Shares of NASDAQ:UNIT opened at $12.51 on Wednesday. The company has a market cap of $3.58 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28. Uniti Group has a 1 year low of $10.71 and a 1 year high of $23.42.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can boosted its position in Uniti Group by 15,343.2% during the fourth quarter. Bank of Montreal Can now owns 4,285,801 shares of the real estate investment trust’s stock worth $66,729,000 after purchasing an additional 4,258,049 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Uniti Group during the 4th quarter worth $45,727,000. Vanguard Group Inc boosted its position in shares of Uniti Group by 9.2% in the third quarter. Vanguard Group Inc now owns 24,299,028 shares of the real estate investment trust’s stock worth $489,626,000 after buying an additional 2,051,974 shares during the period. Vanguard Group Inc. raised its holdings in Uniti Group by 9.2% during the third quarter. Vanguard Group Inc. now owns 24,299,028 shares of the real estate investment trust’s stock valued at $489,626,000 after buying an additional 2,051,974 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Uniti Group by 1,578.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,091,800 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,026,739 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4165653/stock-traders-purchase-high-volume-of-uniti-group-put-options-unit.html.
Uniti Group Company Profile
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 wireless infrastructure solutions for the communications industry. As of September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.
Recommended Story: How Do Tariffs Affect Trade Balances?
Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.