Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners increased its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 9.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,105 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Golden State Equity Partners’ holdings in Uniti Group were worth $127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNIT. King Street Capital Management L.P. purchased a new position in Uniti Group in the 3rd quarter valued at about $8,798,000. Paloma Partners Management Co purchased a new position in Uniti Group in the 3rd quarter valued at about $6,218,000. Bank of Montreal Can lifted its stake in Uniti Group by 136.2% in the 3rd 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 buying an additional 898,852 shares in the last quarter. Mizuho Markets Americas LLC lifted its stake in Uniti Group by 548.9% in the 3rd quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock valued at $4,467,000 after buying an additional 670,000 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Uniti Group by 373.0% in the 3rd quarter. Algert Global LLC now owns 750,321 shares of the real estate investment trust’s stock valued at $4,232,000 after buying an additional 591,678 shares in the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

Uniti Group Price Performance

UNIT opened at $5.40 on Wednesday. The company’s 50 day simple moving average is $5.65 and its two-hundred day simple moving average is $5.25. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.71. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.17 and a beta of 1.31.

Wall Street Analyst Weigh In

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

Uniti Group Company 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.