Captrust Financial Advisors Buys Shares of 15,928 Uniti Group Inc. (NASDAQ:UNIT)

Captrust Financial Advisors bought a new stake in Uniti Group Inc. (NASDAQ:UNIT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 15,928 shares of the real estate investment trust’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNIT. AQR Capital Management LLC grew its stake in Uniti Group by 244.7% in 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. Bank of Montreal Can grew its stake in Uniti Group by 136.2% in the third quarter. Bank of Montreal Can now owns 1,558,969 shares of the real estate investment trust’s stock valued at $9,104,000 after purchasing an additional 898,852 shares during the last quarter. Davidson Kempner Capital Management LP grew its stake in Uniti Group by 17.7% in 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 purchasing an additional 825,000 shares during the last quarter. Mizuho Markets Americas LLC boosted its holdings in Uniti Group by 548.9% in the third quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock worth $4,467,000 after acquiring an additional 670,000 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Uniti Group by 373.0% in the third quarter. Algert Global LLC now owns 750,321 shares of the real estate investment trust’s stock worth $4,232,000 after acquiring an additional 591,678 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Uniti Group Stock Down 1.0 %

Uniti Group stock opened at $6.01 on Tuesday. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 14.66 and a beta of 1.35. The stock has a 50-day moving average price of $5.71 and a 200 day moving average price of $4.60.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $5.50 price target on shares of Uniti Group in a 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.