Range Financial Group LLC Acquires Shares of 36,562 Uniti Group Inc. (NASDAQ:UNIT)

Posted by ABMN Staff on Jan 8th, 2025

Range Financial Group LLC acquired a new position in shares of Uniti Group Inc. (NASDAQ:UNIT – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 36,562 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNIT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Uniti Group during the 2nd quarter worth about $28,000. Ballentine Partners LLC purchased a new stake in Uniti Group during the third quarter worth approximately $64,000. Pitcairn Co. acquired a new position in Uniti Group in the third quarter valued at approximately $69,000. Meeder Advisory Services Inc. purchased a new position in Uniti Group in the second quarter valued at approximately $36,000. Finally, Virtu Financial LLC acquired a new stake in Uniti Group during the third quarter worth approximately $70,000. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Stock Down 1.5 %

Shares of NASDAQ UNIT opened at $5.41 on Wednesday. The business has a 50-day moving average price of $5.71 and a 200 day moving average price of $4.90. The stock has a market cap of $1.32 billion, a PE ratio of 13.20 and a beta of 1.33. Uniti Group Inc. has a 52-week low of $2.57 and a 52-week high of $6.71.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their target price on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, December 23rd.

Read Our Latest Analysis on UNIT

Uniti Group Company Profile

(Free Report)

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.