Uniti Group Inc. (NASDAQ:UNIT) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Uniti Group Inc. (NASDAQ:UNIT) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,605 shares of the real estate investment trust’s stock after acquiring an additional 40,493 shares during the period. Intech Investment Management LLC owned 0.07% of Uniti Group worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Uniti Group in the second quarter valued at $28,000. Meeder Advisory Services Inc. acquired a new position in Uniti Group in the second quarter valued at $36,000. Everhart Financial Group Inc. acquired a new position in Uniti Group in the second quarter valued at $41,000. Choreo LLC acquired a new position in Uniti Group in the second quarter valued at $41,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Uniti Group by 138.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,194 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 12,291 shares in the last quarter. Institutional investors and hedge funds own 87.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Uniti Group Stock Performance

Shares of UNIT opened at $5.88 on Friday. Uniti Group Inc. has a fifty-two week low of $2.57 and a fifty-two week high of $6.71. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.34 and a beta of 1.31. The firm has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $4.40.

About Uniti Group

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.