Segall Bryant & Hamill LLC Reduces Position in Uniti Group Inc. (NASDAQ:UNIT)

Segall Bryant & Hamill LLC reduced its holdings in Uniti Group Inc. (NASDAQ:UNIT) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 410,639 shares of the real estate investment trust’s stock after selling 15,847 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.17% of Uniti Group worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNIT. Charles Schwab Investment Management Inc. grew its position in shares of Uniti Group by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,937,013 shares of the real estate investment trust’s stock valued at $43,654,000 after purchasing an additional 62,377 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Uniti Group by 30.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust’s stock worth $10,612,000 after acquiring an additional 446,168 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Uniti Group by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,764,803 shares of the real estate investment trust’s stock worth $9,706,000 after acquiring an additional 96,245 shares during the period. King Street Capital Management L.P. acquired a new position in shares of Uniti Group during the 3rd quarter valued at about $8,798,000. Finally, Bank of Montreal Can boosted its position in shares of Uniti Group by 136.2% during the 3rd 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 acquiring an additional 898,852 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Uniti Group Stock Down 3.2 %

Shares of Uniti Group stock opened at $4.84 on Friday. The business’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.54. The firm has a market cap of $1.18 billion, a PE ratio of 11.81 and a beta of 1.70. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.31.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. The company had revenue of $293.32 million for the quarter, compared to analysts’ expectations of $294.59 million. As a group, equities analysts expect that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

UNIT has been the topic of a number of analyst reports. Raymond James raised shares of Uniti Group from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $6.00 to $8.00 in a research note on Monday, February 24th. 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 research report on Monday, December 23rd.

About Uniti Group

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.