Virtu Financial LLC Purchases New Holdings in Uniti Group Inc. (NASDAQ:UNIT)

Virtu Financial LLC acquired a new position in Uniti Group Inc. (NASDAQ:UNIT) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,389 shares of the real estate investment trust’s stock, valued at approximately $70,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Uniti Group by 6.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock valued at $44,413,000 after acquiring an additional 452,411 shares in the last quarter. Davidson Kempner Capital Management LP raised its stake in shares of Uniti Group by 17.7% in the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock worth $16,002,000 after purchasing an additional 825,000 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Uniti Group by 244.7% during the second quarter. AQR Capital Management LLC now owns 2,254,810 shares of the real estate investment trust’s stock valued at $6,584,000 after purchasing an additional 1,600,628 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Uniti Group by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 1,869,032 shares of the real estate investment trust’s stock valued at $5,458,000 after buying an additional 74,832 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Uniti Group by 14.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,742,412 shares of the real estate investment trust’s stock worth $5,088,000 after buying an additional 219,245 shares in the last quarter. Institutional investors own 87.51% of the company’s stock.

Uniti Group Trading Up 2.3 %

NASDAQ UNIT opened at $5.70 on Friday. Uniti Group Inc. has a 12 month low of $2.57 and a 12 month high of $6.71. The stock has a market cap of $1.39 billion, a PE ratio of 13.90 and a beta of 1.35. The stock’s 50 day moving average is $5.74 and its 200 day moving average is $4.67.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $5.50 price objective on shares of Uniti Group in a report on Thursday, August 29th.

Uniti Group Company 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.