Public Employees Retirement System of Ohio cut its position in Uniti Group Inc (NASDAQ:UNIT) by 82.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,263 shares of the real estate investment trust’s stock after selling 56,347 shares during the period. Public Employees Retirement System of Ohio’s holdings in Uniti Group were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of UNIT. Charles Schwab Investment Management Inc. boosted its stake in shares of Uniti Group by 33.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,214,739 shares of the real estate investment trust’s stock worth $21,041,000 after acquiring an additional 552,805 shares during the last quarter. Litespeed Management L.L.C. purchased a new position in Uniti Group during the first quarter worth approximately $5,991,000. Thompson Siegel & Walmsley LLC lifted its position in Uniti Group by 14.9% during the first quarter. Thompson Siegel & Walmsley LLC now owns 2,814,499 shares of the real estate investment trust’s stock worth $31,494,000 after buying an additional 365,292 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Uniti Group by 146.0% during the second quarter. JPMorgan Chase & Co. now owns 541,104 shares of the real estate investment trust’s stock worth $5,243,000 after buying an additional 321,120 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Uniti Group by 14.7% during the fourth quarter. Geode Capital Management LLC now owns 1,927,806 shares of the real estate investment trust’s stock worth $30,015,000 after buying an additional 247,076 shares in the last quarter. 77.27% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:UNIT traded down $0.09 on Tuesday, reaching $7.65. The company’s stock had a trading volume of 64,643 shares, compared to its average volume of 1,879,645. Uniti Group Inc has a 12-month low of $7.05 and a 12-month high of $20.85. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 3.04, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06. The stock has a 50 day moving average price of $8.02 and a 200 day moving average price of $9.68.
A number of equities analysts recently commented on the company. BidaskClub upgraded Uniti Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. Zacks Investment Research downgraded Uniti Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. Seven analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of $12.57.
About Uniti Group
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.
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