Pacer Advisors Inc. Decreases Stock Holdings in Uniti Group Inc. $UNIT

Pacer Advisors Inc. lowered its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 54.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,195 shares of the real estate investment trust’s stock after selling 441,888 shares during the quarter. Pacer Advisors Inc. owned 0.25% of Uniti Group worth $2,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Hilton Head Capital Partners LLC purchased a new stake in shares of Uniti Group during the 4th quarter valued at about $40,000. Osaic Holdings Inc. grew its position in Uniti Group by 20.6% in the second quarter. Osaic Holdings Inc. now owns 10,511 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,795 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Uniti Group during the fourth quarter worth approximately $72,000. FNY Investment Advisers LLC bought a new stake in Uniti Group during the third quarter worth approximately $75,000. Finally, Cibc World Markets Corp purchased a new stake in Uniti Group during the fourth quarter valued at approximately $78,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Performance

NASDAQ:UNIT opened at $11.51 on Wednesday. The firm has a 50-day simple moving average of $11.46 and a 200-day simple moving average of $9.14. Uniti Group Inc. has a one year low of $5.30 and a one year high of $12.94. The firm has a market cap of $2.79 billion, a P/E ratio of 3.44 and a beta of 1.40.

Uniti Group (NASDAQ:UNIT) last released its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.01. The firm had revenue of $987.50 million for the quarter, compared to the consensus estimate of $930.08 million. Uniti Group had a net margin of 39.61% and a negative return on equity of 2.52%. The company’s quarterly revenue was up 236.0% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. On average, research analysts predict that Uniti Group Inc. will post -1.56 EPS for the current fiscal year.

Analyst Ratings Changes

UNIT has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of Uniti Group from $9.00 to $11.75 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. Barclays lifted their target price on Uniti Group from $8.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered shares of Uniti Group from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Zacks Research upgraded shares of Uniti Group from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Finally, UBS Group set a $12.00 price target on shares of Uniti Group in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Uniti Group has a consensus rating of “Hold” and a consensus price target of $10.92.

Uniti Group Company Profile

Uniti Group Inc is a real estate investment trust that owns, operates and acquires communications infrastructure assets across the United States. Established in September 2015 through a spin-off from Windstream Holdings, Uniti Group focuses on leasing fiber, small cell networks, cell towers and related infrastructure to service providers, wireless carriers and other enterprises requiring high-capacity connectivity. The company’s assets are designed to support the growing data demands of residential, business and governmental customers, with an emphasis on long-term contractual lease arrangements.

Uniti’s portfolio encompasses an extensive fiber network that spans metropolitan and rural markets, as well as a portfolio of wireless towers and small cell nodes that facilitate mobile network densification and help carriers deploy 5G services.