Tibra Equities Europe Ltd Makes New $984,000 Investment in Uniti Group Inc (NASDAQ:UNIT)

Tibra Equities Europe Ltd bought a new position in Uniti Group Inc (NASDAQ:UNIT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 126,700 shares of the real estate investment trust’s stock, valued at approximately $984,000. Tibra Equities Europe Ltd owned approximately 0.07% of Uniti Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mackay Shields LLC bought a new position in Uniti Group in the third quarter worth approximately $3,185,000. ARP Americas LP grew its holdings in Uniti Group by 396.7% during the third quarter. ARP Americas LP now owns 82,200 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 65,652 shares during the period. Russell Investments Group Ltd. bought a new position in Uniti Group during the third quarter valued at $170,000. Texas Permanent School Fund boosted its holdings in shares of Uniti Group by 5.2% in the third quarter. Texas Permanent School Fund now owns 131,460 shares of the real estate investment trust’s stock worth $1,021,000 after acquiring an additional 6,478 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of Uniti Group by 79.1% in the third quarter. California Public Employees Retirement System now owns 388,992 shares of the real estate investment trust’s stock worth $3,021,000 after acquiring an additional 171,769 shares during the period. 77.36% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on UNIT shares. BidaskClub lowered Uniti Group from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. ValuEngine raised Uniti Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised Uniti Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 11th. Six investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company has a consensus rating of “Sell” and a consensus price target of $12.57.

Shares of Uniti Group stock traded down $0.18 during trading hours on Friday, reaching $6.61. The company had a trading volume of 4,339,300 shares, compared to its average volume of 1,916,493. The business has a fifty day simple moving average of $7.48 and a 200 day simple moving average of $8.96. The firm has a market cap of $1.34 billion, a PE ratio of 2.63, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. Uniti Group Inc has a one year low of $6.52 and a one year high of $20.40.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.54). The firm had revenue of $263.63 million for the quarter, compared to the consensus estimate of $270.14 million. Uniti Group had a net margin of 5.34% and a negative return on equity of 3.77%. As a group, equities research analysts predict that Uniti Group Inc will post 2.01 earnings per share for the current fiscal year.

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 wireless infrastructure solutions for the communications industry. As of December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.

Recommended Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding UNIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uniti Group Inc (NASDAQ:UNIT).

Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.