Yousif Capital Management LLC Has $509,000 Stock Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Yousif Capital Management LLC trimmed its position in Uniti Group Inc. (NASDAQ:UNIT) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,502 shares of the real estate investment trust’s stock after selling 1,875 shares during the quarter. Yousif Capital Management LLC’s holdings in Uniti Group were worth $509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNIT. Golden State Equity Partners increased its position in shares of Uniti Group by 9.5% during the fourth quarter. Golden State Equity Partners now owns 23,105 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 2,000 shares in the last quarter. Franklin Resources Inc. increased its position in shares of 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 worth $572,000 after acquiring an additional 2,328 shares in the last quarter. Inspire Investing LLC increased its position in shares of Uniti Group by 3.6% during the fourth quarter. Inspire Investing LLC now owns 73,651 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 2,563 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Uniti Group by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 2,852 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in Uniti Group by 35.1% in the 4th quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 3,966 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Uniti Group Trading Up 4.9 %

UNIT stock opened at $5.82 on Monday. The firm has a market capitalization of $1.42 billion, a PE ratio of 14.20 and a beta of 1.31. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.71. The business’s 50 day simple moving average is $5.60 and its 200 day simple moving average is $5.35.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their target price on Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note 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.