Uniti Group Inc. $UNIT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,809 shares of the real estate investment trust’s stock after selling 56,004 shares during the period. Teacher Retirement System of Texas owned 0.07% of Uniti Group worth $703,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. State of Wyoming grew its position in shares of Uniti Group by 14.1% in the first quarter. State of Wyoming now owns 51,084 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 6,317 shares in the last quarter. CWM LLC grew its holdings in Uniti Group by 17.4% in the 2nd quarter. CWM LLC now owns 42,930 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 6,359 shares in the last quarter. Inspire Investing LLC grew its holdings in Uniti Group by 9.6% in the 1st quarter. Inspire Investing LLC now owns 80,743 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 7,092 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Uniti Group by 3.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 260,845 shares of the real estate investment trust’s stock worth $1,125,000 after acquiring an additional 8,917 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in shares of Uniti Group by 9.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 105,942 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 9,061 shares during the period. 87.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNIT has been the subject of a number of analyst reports. Barclays assumed coverage on shares of Uniti Group in a report on Friday, October 3rd. They issued an “equal weight” rating and a $6.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Uniti Group in a report on Wednesday, October 8th. Zacks Research upgraded shares of Uniti Group from a “strong sell” rating to a “hold” rating in a report on Thursday, October 9th. Wall Street Zen raised shares of Uniti Group from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company lowered their price objective on Uniti Group from $7.50 to $7.00 and set an “equal weight” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.55.

Uniti Group Stock Performance

Shares of UNIT stock opened at $6.49 on Friday. The firm has a market cap of $960.42 million, a P/E ratio of 1.27 and a beta of 1.52. The firm’s 50 day moving average price is $6.17 and its 200-day moving average price is $5.43. Uniti Group Inc. has a one year low of $5.30 and a one year high of $12.62.

About Uniti Group

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.