Thrivent Financial for Lutherans Has $3.25 Million Stock Position in Uniti Group Inc. (NASDAQ:UNIT)

Thrivent Financial for Lutherans boosted its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 189.0% during the third quarter, Holdings Channel reports. The fund owned 576,413 shares of the real estate investment trust’s stock after acquiring an additional 376,964 shares during the period. Thrivent Financial for Lutherans’ holdings in Uniti Group were worth $3,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNIT. AQR Capital Management LLC grew its stake in shares of Uniti Group by 244.7% during the second quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust’s stock valued at $6,584,000 after purchasing an additional 1,600,628 shares during the last quarter. Davidson Kempner Capital Management LP increased its stake in shares of Uniti Group by 17.7% in the 2nd 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 buying an additional 825,000 shares during the period. Mizuho Markets Americas LLC increased its stake in shares of Uniti Group by 548.9% in the 3rd quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock valued at $4,467,000 after buying an additional 670,000 shares during the period. Vanguard Group Inc. raised its position in shares of Uniti Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 38,442,169 shares of the real estate investment trust’s stock worth $226,809,000 after acquiring an additional 542,485 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Uniti Group by 352.0% during 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 acquiring an additional 508,699 shares during the period. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Price Performance

Shares of NASDAQ UNIT opened at $6.03 on Tuesday. The company’s 50 day simple moving average is $5.57 and its 200 day simple moving average is $4.35. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.71. The firm has a market capitalization of $1.47 billion, a P/E ratio of 14.90 and a beta of 1.31.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.50 price objective on shares of Uniti Group in a research report 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.