Uniti Group (NASDAQ:UNIT) Sets New 52-Week Low – Time to Sell?

Uniti Group Inc. (NASDAQ:UNITGet Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $5.66 and last traded at $5.76, with a volume of 315553 shares traded. The stock had previously closed at $5.79.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on Uniti Group in a report on Friday. They set an “equal weight” rating and a $6.00 price target for the company. Wall Street Zen cut Uniti Group from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uniti Group in a report on Saturday, September 27th. Zacks Research cut Uniti Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company raised their price target on Uniti Group from $4.50 to $7.50 and gave the company an “equal weight” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Uniti Group has a consensus rating of “Hold” and a consensus target price of $6.56.

Get Our Latest Research Report on UNIT

Uniti Group Stock Performance

The firm has a market capitalization of $864.20 million, a P/E ratio of 21.23 and a beta of 1.56. The company has a 50-day moving average price of $6.41 and a 200-day moving average price of $5.22.

Uniti Group (NASDAQ:UNITGet Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.06). The business had revenue of $300.73 million for the quarter, compared to the consensus estimate of $304.06 million. Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Uniti Group has set its FY 2025 guidance at EPS. Equities analysts predict that Uniti Group Inc. will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNIT. KBC Group NV bought a new position in Uniti Group during the first quarter worth about $28,000. Allworth Financial LP lifted its holdings in Uniti Group by 775.7% during the second quarter. Allworth Financial LP now owns 7,811 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 6,919 shares in the last quarter. Park Avenue Securities LLC bought a new position in Uniti Group during the second quarter worth about $45,000. Osaic Holdings Inc. lifted its holdings in Uniti Group by 20.6% during the second quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,795 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Uniti Group during the first quarter worth about $65,000. 87.51% of the stock is currently owned by institutional investors.

About Uniti Group

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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.

Further Reading

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