Freedom Investment Management Inc. Decreases Holdings in Uniti Group Inc. $UNIT

Freedom Investment Management Inc. lowered its position in Uniti Group Inc. (NASDAQ:UNIT) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,103 shares of the real estate investment trust’s stock after selling 2,193 shares during the period. Freedom Investment Management Inc.’s holdings in Uniti Group were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Uniti Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,996,734 shares of the real estate investment trust’s stock worth $186,464,000 after acquiring an additional 151,070 shares during the period. LSV Asset Management increased its position in shares of Uniti Group by 0.7% in the first quarter. LSV Asset Management now owns 6,689,243 shares of the real estate investment trust’s stock valued at $33,714,000 after buying an additional 45,724 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Uniti Group by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,604,599 shares of the real estate investment trust’s stock valued at $23,207,000 after buying an additional 877,911 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Uniti Group by 7.3% in the first quarter. Pinnacle Associates Ltd. now owns 1,726,917 shares of the real estate investment trust’s stock valued at $8,704,000 after buying an additional 118,095 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Uniti Group by 7.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,573,597 shares of the real estate investment trust’s stock valued at $7,931,000 after buying an additional 110,697 shares in the last quarter. Institutional investors and hedge funds own 87.51% of the company’s stock.

Uniti Group Price Performance

UNIT opened at $6.22 on Tuesday. The stock has a market capitalization of $920.46 million, a price-to-earnings ratio of 22.61 and a beta of 1.56. The business has a 50-day moving average of $6.22 and a two-hundred day moving average of $5.33. Uniti Group Inc. has a 12 month low of $5.30 and a 12 month high of $12.62.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.06). The business had revenue of $300.73 million during the quarter, compared to analysts’ expectations of $304.06 million. Uniti Group had a net margin of 2.96% and a negative return on equity of 1.43%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Uniti Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNIT. Wall Street Zen cut Uniti Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. began coverage on Uniti Group in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $7.00 price target for the company. Zacks Research upgraded Uniti Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Uniti Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Uniti Group from $4.50 to $7.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.63.

Uniti Group 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.