Strategic Financial Concepts LLC Boosts Position in Uniti Group Inc. (NASDAQ:UNIT)

Strategic Financial Concepts LLC lifted its stake in Uniti Group Inc. (NASDAQ:UNIT) by 449.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 970,590 shares of the real estate investment trust’s stock after buying an additional 794,049 shares during the period. Strategic Financial Concepts LLC owned approximately 0.40% of Uniti Group worth $5,338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC purchased a new position in Uniti Group in the third quarter valued at about $64,000. Pitcairn Co. purchased a new position in shares of Uniti Group during the 3rd quarter valued at approximately $69,000. Virtu Financial LLC acquired a new stake in shares of Uniti Group during the third quarter worth approximately $70,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Uniti Group in the third quarter worth $74,000. Finally, Diversified Trust Co acquired a new stake in Uniti Group in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Analysts Set New Price Targets

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

Uniti Group Stock Down 1.6 %

NASDAQ:UNIT opened at $5.38 on Monday. The company has a market cap of $1.31 billion, a PE ratio of 13.12 and a beta of 1.31. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $5.29. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71.

Uniti Group Company 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.