TrueMark Investments LLC Sells 98,823 Shares of Uniti Group Inc. (NASDAQ:UNIT)

TrueMark Investments LLC trimmed its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 88.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,125 shares of the real estate investment trust’s stock after selling 98,823 shares during the quarter. TrueMark Investments LLC’s holdings in Uniti Group were worth $72,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Prudential Financial Inc. grew its position in Uniti Group by 9.2% during the fourth quarter. Prudential Financial Inc. now owns 589,789 shares of the real estate investment trust’s stock worth $3,244,000 after buying an additional 49,537 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new stake in shares of Uniti Group during the 4th quarter valued at $503,000. Fox Run Management L.L.C. acquired a new stake in shares of Uniti Group during the 4th quarter worth $99,000. KLP Kapitalforvaltning AS bought a new position in shares of Uniti Group in the fourth quarter worth $273,000. Finally, Teacher Retirement System of Texas acquired a new position in Uniti Group in the fourth quarter valued at about $294,000. Institutional investors and hedge funds own 87.51% of the company’s stock.

Analyst Ratings Changes

UNIT has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Monday, December 23rd. Raymond James upgraded shares of Uniti Group from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Monday, February 24th.

Uniti Group Stock Down 0.2 %

NASDAQ:UNIT opened at $5.00 on Thursday. The firm has a market capitalization of $1.22 billion, a PE ratio of 12.20 and a beta of 1.70. Uniti Group Inc. has a twelve month low of $2.57 and a twelve month high of $6.31. The stock’s 50-day simple moving average is $5.43 and its 200 day simple moving average is $5.54.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $293.32 million for the quarter, compared to the consensus estimate of $294.59 million. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. On average, analysts anticipate that Uniti Group Inc. will post 1.28 EPS for the current fiscal year.

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.