Caxton Associates LLP Buys Shares of 187,651 Uniti Group Inc. $UNIT

Caxton Associates LLP bought a new stake in Uniti Group Inc. (NASDAQ:UNIT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 187,651 shares of the real estate investment trust’s stock, valued at approximately $946,000. Caxton Associates LLP owned 0.08% of Uniti Group at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNIT. KBC Group NV bought a new stake in shares of Uniti Group in the first quarter valued at $28,000. American Century Companies Inc. bought a new stake in shares of Uniti Group during the 1st quarter valued at $65,000. Inspire Advisors LLC bought a new stake in shares of Uniti Group during the 1st quarter valued at $66,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Uniti Group during the 1st quarter valued at $67,000. Finally, Corton Capital Inc. bought a new stake in shares of Uniti Group during the 1st quarter valued at $86,000. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Stock Down 4.1%

Uniti Group stock opened at $6.85 on Thursday. Uniti Group Inc. has a 52 week low of $5.68 and a 52 week high of $12.62. The business has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $5.09. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 24.90 and a beta of 1.50.

Uniti Group (NASDAQ:UNIT) last posted its 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). Uniti Group had a negative return on equity of 1.43% and a net margin of 2.96%.The business had revenue of $300.73 million for the quarter, compared to analysts’ expectations of $304.06 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Uniti Group’s quarterly revenue was up 2.0% compared to the same quarter last year. Uniti Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Uniti Group Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on UNIT shares. Wall Street Zen lowered Uniti Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Citigroup reiterated a “neutral” rating and set a $5.30 price objective on shares of Uniti Group in a research note on Friday, May 16th. Finally, Wells Fargo & Company boosted their price objective on Uniti Group from $4.50 to $7.50 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.70.

Uniti Group Company 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.