Ballentine Partners LLC Buys 3,966 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Ballentine Partners LLC raised its stake in Uniti Group Inc. (NASDAQ:UNIT) by 35.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,257 shares of the real estate investment trust’s stock after purchasing an additional 3,966 shares during the period. Ballentine Partners LLC’s holdings in Uniti Group were worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Uniti Group during the 2nd quarter valued at $28,000. Pitcairn Co. acquired a new position in shares of Uniti Group during the third quarter valued at about $69,000. Virtu Financial LLC bought a new stake in shares of Uniti Group during the third quarter worth about $70,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Uniti Group in the 3rd quarter worth about $74,000. Finally, Diversified Trust Co bought a new position in Uniti Group in the 4th quarter valued at about $74,000. Institutional investors and hedge funds own 87.51% of the company’s stock.

Analysts Set New Price Targets

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

Uniti Group Price Performance

UNIT opened at $5.77 on Monday. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.71. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.07 and a beta of 1.33. The firm’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.16.

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.