Uniti Group Inc. $UNIT Holdings Decreased by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 55.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,757 shares of the real estate investment trust’s stock after selling 125,230 shares during the quarter. Intech Investment Management LLC owned 0.07% of Uniti Group worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNIT. Osaic Holdings Inc. grew its stake in Uniti Group by 20.6% in the second quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,795 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Uniti Group in the third quarter valued at about $75,000. United Services Automobile Association purchased a new position in Uniti Group in the first quarter valued at about $80,000. IFP Advisors Inc grew its stake in Uniti Group by 461.4% in the third quarter. IFP Advisors Inc now owns 13,485 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 11,083 shares in the last quarter. Finally, Ares Management LLC purchased a new position in Uniti Group in the third quarter valued at about $89,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Williams Trading set a $12.00 target price on Uniti Group in a research note on Tuesday, May 12th. Wall Street Zen downgraded Uniti Group from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Citigroup upped their price target on Uniti Group from $9.00 to $11.75 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. Barclays upped their price target on Uniti Group from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $11.00 price objective on shares of Uniti Group in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Uniti Group currently has a consensus rating of “Hold” and a consensus price target of $10.92.

Uniti Group Trading Down 1.6%

Shares of UNIT opened at $11.49 on Tuesday. Uniti Group Inc. has a 1 year low of $5.30 and a 1 year high of $12.39. The stock has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $8.70. The stock has a market cap of $2.79 billion, a PE ratio of 3.43 and a beta of 1.40.

Uniti Group (NASDAQ:UNIT) last issued its earnings results on Monday, May 11th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.01. The business had revenue of $987.50 million during the quarter, compared to analysts’ expectations of $930.08 million. Uniti Group had a negative return on equity of 2.52% and a net margin of 39.61%.Uniti Group’s quarterly revenue was up 236.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts forecast that Uniti Group Inc. will post -1.56 EPS for the current fiscal year.

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.