JPMorgan Chase & Co. Sells 566,592 Shares of Uniti Group Inc. (NASDAQ:UNIT)

JPMorgan Chase & Co. cut its stake in Uniti Group Inc. (NASDAQ:UNITFree Report) by 31.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,258,207 shares of the real estate investment trust’s stock after selling 566,592 shares during the quarter. JPMorgan Chase & Co. owned about 0.52% of Uniti Group worth $7,096,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UNIT. Choreo LLC bought a new stake in shares of Uniti Group in the 2nd quarter worth about $41,000. Texas Permanent School Fund Corp lifted its stake in Uniti Group by 45.5% in the second quarter. Texas Permanent School Fund Corp now owns 302,752 shares of the real estate investment trust’s stock worth $884,000 after purchasing an additional 94,619 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Uniti Group by 138.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,194 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 12,291 shares during the last quarter. Meeder Advisory Services Inc. bought a new position in shares of Uniti Group during the second quarter valued at approximately $36,000. Finally, Intech Investment Management LLC bought a new position in shares of Uniti Group during the second quarter valued at approximately $362,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Performance

Shares of Uniti Group stock opened at $5.48 on Wednesday. The company has a market capitalization of $1.34 billion, a PE ratio of 13.37 and a beta of 1.35. The company has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $5.00. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target 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.

Check Out Our Latest Analysis on Uniti Group

Uniti Group Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.