SG Americas Securities LLC Boosts Position in Uniti Group Inc. $UNIT

SG Americas Securities LLC raised its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 2,208.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 995,163 shares of the real estate investment trust’s stock after buying an additional 952,050 shares during the period. SG Americas Securities LLC owned about 0.67% of Uniti Group worth $6,976,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in shares of Uniti Group by 2.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 84,017 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 1,629 shares during the period. Osaic Holdings Inc. boosted its position in Uniti Group by 20.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,795 shares during the period. Neuberger Berman Group LLC increased its holdings in Uniti Group by 12.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 35,156 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 3,806 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Uniti Group by 3.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 259,142 shares of the real estate investment trust’s stock valued at $1,120,000 after purchasing an additional 7,726 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Uniti Group by 461.4% in the third quarter. IFP Advisors Inc now owns 13,485 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 11,083 shares during the period. Institutional investors and hedge funds own 87.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on UNIT shares. Wall Street Zen cut Uniti Group from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Zacks Research downgraded Uniti Group from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Citigroup boosted their price target on Uniti Group from $8.80 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Uniti Group in a report on Monday, December 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $11.00 price objective on shares of Uniti Group in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.60.

Uniti Group Price Performance

NASDAQ:UNIT opened at $9.38 on Wednesday. The firm has a 50-day moving average of $7.95 and a two-hundred day moving average of $7.02. The stock has a market cap of $2.24 billion, a P/E ratio of 2.49 and a beta of 1.50. Uniti Group Inc. has a 1-year low of $5.30 and a 1-year high of $11.73.

Uniti Group (NASDAQ:UNIT) last announced its earnings results on Monday, March 2nd. The real estate investment trust reported ($1.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.73). The business had revenue of $917.20 million for the quarter, compared to analysts’ expectations of $909.44 million. Uniti Group had a negative return on equity of 2.52% and a net margin of 55.60%.The firm’s revenue was up 212.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Uniti Group Company Profile

Uniti Group Inc is a real estate investment trust that owns, operates and acquires communications infrastructure assets across the United States. Established in September 2015 through a spin-off from Windstream Holdings, Uniti Group focuses on leasing fiber, small cell networks, cell towers and related infrastructure to service providers, wireless carriers and other enterprises requiring high-capacity connectivity. The company’s assets are designed to support the growing data demands of residential, business and governmental customers, with an emphasis on long-term contractual lease arrangements.

Uniti’s portfolio encompasses an extensive fiber network that spans metropolitan and rural markets, as well as a portfolio of wireless towers and small cell nodes that facilitate mobile network densification and help carriers deploy 5G services.