Mutual of America Capital Management LLC Sells 2,769 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Mutual of America Capital Management LLC decreased its position in Uniti Group Inc. (NASDAQ:UNIT) by 7.0% in the third quarter, Holdings Channel.com reports. The firm owned 36,721 shares of the real estate investment trust’s stock after selling 2,769 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Uniti Group were worth $207,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in shares of Uniti Group by 9.6% in the second quarter. Mackenzie Financial Corp now owns 30,923 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Uniti Group by 14.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 2,852 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Uniti Group by 9.3% in the second quarter. Van ECK Associates Corp now owns 50,294 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 4,271 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Uniti Group by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 124,636 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 7,302 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Uniti Group by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust’s stock worth $907,000 after acquiring an additional 8,524 shares during the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Price Performance

Uniti Group stock opened at $5.91 on Friday. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71. The stock has a market capitalization of $1.44 billion, a PE ratio of 14.41 and a beta of 1.31. The business’s fifty day moving average is $5.63 and its 200 day moving average is $4.42.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $5.50 target price on shares of Uniti Group in a research note on Thursday, August 29th.

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.