Mutual of America Capital Management LLC Sells 2,769 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Mutual of America Capital Management LLC lessened its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,721 shares of the real estate investment trust’s stock after selling 2,769 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Uniti Group were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Davidson Kempner Capital Management LP raised its holdings in shares of Uniti Group by 17.7% during the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock valued at $16,002,000 after acquiring an additional 825,000 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Uniti Group during the second quarter valued at approximately $362,000. Strategic Financial Concepts LLC raised its holdings in shares of Uniti Group by 352.0% during the second quarter. Strategic Financial Concepts LLC now owns 653,203 shares of the real estate investment trust’s stock valued at $1,907,000 after acquiring an additional 508,699 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of Uniti Group by 548.9% during the third quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock valued at $4,467,000 after acquiring an additional 670,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Uniti Group by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust’s stock valued at $907,000 after acquiring an additional 8,524 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Trading Up 0.5 %

UNIT opened at $5.91 on Friday. The stock has a fifty day simple moving average of $5.63 and a two-hundred day simple moving average of $4.42. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 14.41 and a beta of 1.31. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.71.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $5.50 target price on shares of Uniti Group in a report on Thursday, August 29th.

Uniti Group Company 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 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.