CWA Asset Management Group LLC Grows Holdings in Uniti Group Inc. (NASDAQ:UNIT)

CWA Asset Management Group LLC grew its position in Uniti Group Inc. (NASDAQ:UNIT) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,482 shares of the real estate investment trust’s stock after acquiring an additional 10,023 shares during the period. CWA Asset Management Group LLC’s holdings in Uniti Group were worth $432,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Uniti Group by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock worth $44,413,000 after purchasing an additional 452,411 shares during the period. Davidson Kempner Capital Management LP raised its stake in shares of Uniti Group by 17.7% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock worth $16,002,000 after buying an additional 825,000 shares during the period. AQR Capital Management LLC lifted its position in shares of Uniti Group by 244.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust’s stock valued at $6,584,000 after buying an additional 1,600,628 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Uniti Group by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,869,032 shares of the real estate investment trust’s stock valued at $5,458,000 after acquiring an additional 74,832 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Uniti Group by 14.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,742,412 shares of the real estate investment trust’s stock worth $5,088,000 after acquiring an additional 219,245 shares in the last quarter. 87.51% of the stock is owned by hedge funds and other institutional investors.

Uniti Group Price Performance

NASDAQ UNIT opened at $5.43 on Thursday. The stock’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $4.90. The company has a market cap of $1.33 billion, a PE ratio of 13.24 and a beta of 1.33. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.71.

Analyst Upgrades and Downgrades

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 report on Monday, December 23rd.

Uniti Group 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.