Helix Partners Management LP Makes New $1.51 Million Investment in Uniti Group Inc. (NASDAQ:UNIT)

Helix Partners Management LP purchased a new stake in shares of Uniti Group Inc. (NASDAQ:UNIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 275,000 shares of the real estate investment trust’s stock, valued at approximately $1,512,000. Uniti Group accounts for approximately 0.3% of Helix Partners Management LP’s portfolio, making the stock its 12th biggest holding. Helix Partners Management LP owned about 0.11% of Uniti Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of UNIT. Charles Schwab Investment Management Inc. lifted its position in Uniti Group by 0.8% in the 4th 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 during the last quarter. Geode Capital Management LLC raised its holdings in shares of Uniti Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,317,569 shares of the real estate investment trust’s stock valued at $34,754,000 after buying an additional 101,702 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Uniti Group by 30.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust’s stock worth $10,612,000 after buying an additional 446,168 shares during the period. JPMorgan Chase & Co. increased its position in Uniti Group by 42.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,787,257 shares of the real estate investment trust’s stock valued at $9,830,000 after acquiring an additional 529,050 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in 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 valued at $9,706,000 after acquiring an additional 96,245 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Price Performance

Shares of NASDAQ:UNIT opened at $5.24 on Thursday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 12.78 and a beta of 1.70. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.31. The stock’s 50 day moving average price is $5.35 and its 200 day moving average price is $5.53.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. The company had revenue of $293.32 million for the quarter, compared to the consensus estimate of $294.59 million. On average, sell-side analysts expect that Uniti Group Inc. will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their price target on Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, December 23rd. Raymond James upgraded shares of Uniti Group from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $6.00 to $8.00 in a research report on Monday, February 24th.

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.