EMC Capital Management Boosts Stake in Uniti Group Inc. (NASDAQ:UNIT)

EMC Capital Management lifted its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 462.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,391 shares of the real estate investment trust’s stock after purchasing an additional 30,740 shares during the quarter. EMC Capital Management’s holdings in Uniti Group were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. increased its holdings in Uniti Group by 30.1% in the 4th quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust’s stock valued at $10,612,000 after purchasing an additional 446,168 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Uniti Group by 3.6% in the fourth quarter. Inspire Investing LLC now owns 73,651 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 2,563 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Uniti Group by 8.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 160,311 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 13,135 shares during the period. Ballentine Partners LLC lifted its stake in Uniti Group by 35.1% during the 4th quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 3,966 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in Uniti Group during the 4th quarter valued at about $201,000. 87.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their price target on shares of Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, December 23rd.

Uniti Group Stock Up 2.8 %

NASDAQ:UNIT opened at $5.49 on Friday. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The company has a fifty day simple moving average of $5.69 and a two-hundred day simple moving average of $5.20. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.39 and a beta of 1.33.

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.