Penserra Capital Management LLC Boosts Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Penserra Capital Management LLC lifted its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 23.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 301,976 shares of the real estate investment trust’s stock after buying an additional 56,420 shares during the period. Penserra Capital Management LLC’s holdings in Uniti Group were worth $1,703,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UNIT. Davidson Kempner Capital Management LP boosted its position in 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 valued at $16,002,000 after acquiring an additional 825,000 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Uniti Group in the second quarter worth $362,000. Strategic Financial Concepts LLC raised its holdings in Uniti Group by 352.0% in the second quarter. Strategic Financial Concepts LLC now owns 653,203 shares of the real estate investment trust’s stock worth $1,907,000 after purchasing an additional 508,699 shares in the last quarter. Mizuho Markets Americas LLC lifted its position in Uniti Group by 548.9% during the third quarter. Mizuho Markets Americas LLC now owns 792,054 shares of the real estate investment trust’s stock valued at $4,467,000 after buying an additional 670,000 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Uniti Group by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust’s stock valued at $907,000 after buying an additional 8,524 shares in the last quarter. 87.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Uniti Group Stock Down 1.3 %

Uniti Group stock opened at $6.03 on Tuesday. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.71. The company has a market capitalization of $1.47 billion, a P/E ratio of 14.71 and a beta of 1.31. The stock’s 50 day moving average is $5.57 and its 200 day moving average is $4.35.

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.