Segall Bryant & Hamill LLC Sells 487,252 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Segall Bryant & Hamill LLC decreased its position in shares of Uniti Group Inc. (NASDAQ:UNIT) by 53.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426,486 shares of the real estate investment trust’s stock after selling 487,252 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Uniti Group were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in Uniti Group by 9.6% during the second quarter. Mackenzie Financial Corp now owns 30,923 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 2,711 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Uniti Group by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,852 shares in the last quarter. Hancock Whitney Corp boosted its position in Uniti Group by 4.5% during the first quarter. Hancock Whitney Corp now owns 76,360 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 3,254 shares in the last quarter. ProShare Advisors LLC grew its stake in Uniti Group by 7.5% in the first quarter. ProShare Advisors LLC now owns 48,051 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 3,339 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Uniti Group by 9.3% during the second quarter. Van ECK Associates Corp now owns 50,294 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 4,271 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Uniti Group Price Performance

Shares of NASDAQ:UNIT opened at $6.11 on Friday. The business’s 50-day moving average is $5.57 and its 200 day moving average is $4.34. Uniti Group Inc. has a 1 year low of $2.57 and a 1 year high of $6.71. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.90 and a beta of 1.31.

Uniti Group Profile

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.