Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners lifted its position in Uniti Group Inc. (NASDAQ:UNIT) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,105 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the period. Golden State Equity Partners’ holdings in Uniti Group were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ballentine Partners LLC acquired a new position in shares of Uniti Group in the 3rd quarter valued at $64,000. Pitcairn Co. acquired a new stake in Uniti Group during the 3rd quarter worth about $69,000. Virtu Financial LLC acquired a new stake in Uniti Group during the 3rd quarter worth about $70,000. Y Intercept Hong Kong Ltd acquired a new stake in Uniti Group during the 3rd quarter worth about $74,000. Finally, Diversified Trust Co acquired a new stake in Uniti Group during the 4th quarter worth about $74,000. 87.51% of the stock is owned by institutional investors and hedge funds.

Uniti Group Stock Up 1.9 %

NASDAQ:UNIT opened at $5.40 on Wednesday. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The stock has a market capitalization of $1.32 billion, a PE ratio of 13.17 and a beta of 1.31. The stock’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.25.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price target on Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research 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.