Charles Schwab Investment Management Inc. Has $44.41 Million Stock Position in Uniti Group Inc. (NASDAQ:UNIT)

Charles Schwab Investment Management Inc. lifted its holdings in Uniti Group Inc. (NASDAQ:UNIT) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,874,636 shares of the real estate investment trust’s stock after acquiring an additional 452,411 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.23% of Uniti Group worth $44,413,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Davidson Kempner Capital Management LP boosted its holdings in Uniti Group by 17.7% in the 2nd 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 purchasing an additional 825,000 shares during the period. Intech Investment Management LLC bought a new stake in shares of Uniti Group in the second quarter valued at approximately $362,000. Strategic Financial Concepts LLC grew its position in 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 worth $1,907,000 after buying an additional 508,699 shares in the last quarter. Mizuho Markets Americas LLC increased its stake in Uniti Group by 548.9% during the 3rd quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock worth $4,467,000 after acquiring an additional 670,000 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Uniti Group by 5.9% in the 1st 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. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Uniti Group Price Performance

Shares of UNIT opened at $5.91 on Monday. The firm has a 50 day simple moving average of $5.63 and a two-hundred day simple moving average of $4.42. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71. The company has a market cap of $1.44 billion, a P/E ratio of 14.41 and a beta of 1.31.

Wall Street Analysts Forecast Growth

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

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 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.