State of Alaska Department of Revenue Buys 2,397 Shares of Uniti Group Inc. (NASDAQ:UNIT)

State of Alaska Department of Revenue grew its stake in Uniti Group Inc. (NASDAQ:UNIT) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,119 shares of the real estate investment trust’s stock after purchasing an additional 2,397 shares during the period. State of Alaska Department of Revenue owned approximately 0.10% of Uniti Group worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Uniti Group by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock worth $44,413,000 after acquiring an additional 452,411 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Uniti Group by 30.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust’s stock worth $10,612,000 after acquiring an additional 446,168 shares in the last quarter. King Street Capital Management L.P. acquired a new position in shares of Uniti Group in the 3rd quarter worth approximately $8,798,000. Bank of Montreal Can boosted its holdings in shares of 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 worth $9,104,000 after acquiring an additional 898,852 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Uniti Group in the 3rd quarter worth approximately $6,218,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Performance

NASDAQ:UNIT opened at $5.47 on Thursday. The stock’s fifty day moving average price is $5.60 and its two-hundred day moving average price is $5.32. Uniti Group Inc. has a 52-week low of $2.57 and a 52-week high of $6.71. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.34 and a beta of 1.31.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price 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 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.