Rhumbline Advisers Acquires 188,005 Shares of Uniti Group Inc (UNIT)

Rhumbline Advisers raised its holdings in Uniti Group Inc (NASDAQ:UNIT) by 57.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 513,329 shares of the real estate investment trust’s stock after purchasing an additional 188,005 shares during the quarter. Rhumbline Advisers’ holdings in Uniti Group were worth $7,993,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UNIT. Bank of Montreal Can boosted its stake in shares of Uniti Group by 15,343.2% during the 4th quarter. Bank of Montreal Can now owns 4,285,801 shares of the real estate investment trust’s stock worth $66,729,000 after acquiring an additional 4,258,049 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Uniti Group by 9.2% during the 3rd quarter. Vanguard Group Inc now owns 24,299,028 shares of the real estate investment trust’s stock worth $489,626,000 after acquiring an additional 2,051,974 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Uniti Group by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 24,299,028 shares of the real estate investment trust’s stock worth $489,626,000 after acquiring an additional 2,051,974 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Uniti Group during the 3rd quarter worth about $13,447,000. Finally, LSV Asset Management purchased a new stake in shares of Uniti Group during the 3rd quarter worth about $9,512,000. 71.56% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have recently issued reports on UNIT. ValuEngine raised shares of Uniti Group from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. BidaskClub lowered shares of Uniti Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 14th. Wells Fargo & Co lowered shares of Uniti Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $23.00 to $17.00 in a research note on Tuesday, January 8th. Morgan Stanley lowered shares of Uniti Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $24.00 to $16.00 in a research note on Wednesday, December 12th. Finally, Zacks Investment Research lowered shares of Uniti Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $23.00.

Shares of Uniti Group stock opened at $19.98 on Tuesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.89 and a beta of 1.28. Uniti Group Inc has a twelve month low of $14.53 and a twelve month high of $23.42.

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Uniti Group Profile

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 wireless infrastructure solutions for the communications industry. As of September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.

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Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

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