Asset Management One Co. Ltd. Raises Position in Uniti Group Inc. (NASDAQ:UNIT)

Asset Management One Co. Ltd. raised its position in Uniti Group Inc. (NASDAQ:UNIT) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,016 shares of the real estate investment trust’s stock after purchasing an additional 12,784 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Uniti Group worth $1,915,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UNIT. BNP Paribas Financial Markets increased its position in shares of Uniti Group by 206.7% in the third quarter. BNP Paribas Financial Markets now owns 212,489 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 143,210 shares during the period. Franklin Resources Inc. lifted its position in Uniti Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 106,104 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 2,328 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Uniti Group by 6.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock valued at $44,413,000 after buying an additional 452,411 shares during the last quarter. Bank of Montreal Can increased its holdings in Uniti Group by 136.2% during the third quarter. Bank of Montreal Can now owns 1,558,969 shares of the real estate investment trust’s stock valued at $9,104,000 after buying an additional 898,852 shares during the last quarter. Finally, King Street Capital Management L.P. purchased a new stake in shares of Uniti Group in the third quarter worth $8,798,000. 87.51% of the stock is owned by institutional investors.

Uniti Group Stock Down 1.1 %

Shares of NASDAQ:UNIT opened at $5.48 on Thursday. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The firm has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $5.38. The stock has a market capitalization of $1.34 billion, a P/E ratio of 13.37 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on shares of Uniti Group from $5.50 to $6.00 and gave the company 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.