Geode Capital Management LLC Has $27.82 Million Position in Uniti Group Inc. $UNIT

Geode Capital Management LLC cut its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 0.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,438,137 shares of the real estate investment trust’s stock after selling 56,746 shares during the quarter. Geode Capital Management LLC owned approximately 4.35% of Uniti Group worth $27,816,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UNIT. Savant Capital LLC lifted its holdings in Uniti Group by 2.6% during the 2nd quarter. Savant Capital LLC now owns 63,592 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 1,601 shares during the last quarter. State of Wyoming grew its stake in Uniti Group by 14.1% during the first quarter. State of Wyoming now owns 51,084 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 6,317 shares during the last quarter. CWM LLC increased its holdings in shares of Uniti Group by 17.4% during the second quarter. CWM LLC now owns 42,930 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 6,359 shares in the last quarter. Allworth Financial LP raised its stake in shares of Uniti Group by 775.7% in the second quarter. Allworth Financial LP now owns 7,811 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 6,919 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Uniti Group by 9.6% in the 1st quarter. Inspire Investing LLC now owns 80,743 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 7,092 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UNIT. Weiss Ratings restated a “hold (c-)” rating on shares of Uniti Group in a research report on Monday. Barclays started coverage on Uniti Group in a report on Friday, October 3rd. They set an “equal weight” rating and a $6.00 target price on the stock. Zacks Research upgraded Uniti Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. initiated coverage on shares of Uniti Group in a research report on Thursday, October 23rd. They set a “neutral” rating and a $7.00 price target on the stock. Finally, Wall Street Zen lowered shares of Uniti Group from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Uniti Group currently has a consensus rating of “Hold” and an average price target of $6.55.

Uniti Group Stock Up 0.9%

UNIT stock opened at $6.37 on Friday. Uniti Group Inc. has a twelve month low of $5.30 and a twelve month high of $12.62. The company has a market cap of $941.89 million, a P/E ratio of 1.25 and a beta of 1.52. The business has a fifty day moving average of $6.06 and a 200-day moving average of $5.58.

Uniti Group Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.