Barclays PLC Sells 562,134 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Barclays PLC decreased its holdings in Uniti Group Inc. (NASDAQ:UNITFree Report) by 56.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 435,105 shares of the real estate investment trust’s stock after selling 562,134 shares during the quarter. Barclays PLC’s holdings in Uniti Group were worth $2,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UNIT. Point72 Asia Singapore Pte. Ltd. acquired a new position in Uniti Group in the second quarter valued at about $28,000. Ballentine Partners LLC bought a new position in Uniti Group in the 3rd quarter valued at about $64,000. Pitcairn Co. acquired a new position in shares of Uniti Group in the 3rd quarter valued at approximately $69,000. Meeder Advisory Services Inc. bought a new stake in Uniti Group during the second quarter worth $36,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Uniti Group during the 3rd quarter worth $74,000. Institutional investors own 87.51% of the company’s stock.

Uniti Group Price Performance

Shares of NASDAQ UNIT opened at $5.52 on Thursday. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.71. The firm has a market cap of $1.35 billion, a PE ratio of 13.46 and a beta of 1.35. The company has a 50 day simple moving average of $5.74 and a 200 day simple moving average of $4.73.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their price objective on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note on Monday.

Get Our Latest Analysis on Uniti Group

Uniti Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

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