Uniti Group Inc. (NASDAQ:UNIT) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,002 shares of the real estate investment trust’s stock after selling 14,160 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Uniti Group were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Davidson Kempner Capital Management LP boosted its stake in shares of Uniti Group by 17.7% during the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock valued at $16,002,000 after acquiring an additional 825,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Uniti Group by 9.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 276,934 shares of the real estate investment trust’s stock worth $1,639,000 after purchasing an additional 24,211 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Uniti Group during the second quarter worth about $362,000. Strategic Financial Concepts LLC raised its position in shares of Uniti Group by 352.0% in the second quarter. Strategic Financial Concepts LLC now owns 653,203 shares of the real estate investment trust’s stock valued at $1,907,000 after buying an additional 508,699 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Uniti Group by 7.5% during the first quarter. ProShare Advisors LLC now owns 48,051 shares of the real estate investment trust’s stock valued at $284,000 after buying an additional 3,339 shares during the period. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Uniti Group Price Performance

NASDAQ UNIT opened at $5.72 on Tuesday. The company has a market cap of $1.40 billion, a P/E ratio of 13.71 and a beta of 1.31. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.71. The company has a 50-day moving average of $5.52 and a 200-day moving average of $4.30.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $5.50 target price on shares of Uniti Group in a research note on Thursday, August 29th.

About Uniti Group

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.