Pacer Advisors Inc. Raises Position in Uniti Group Inc. (NASDAQ:UNIT)

Pacer Advisors Inc. lifted its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,929,472 shares of the real estate investment trust’s stock after buying an additional 446,168 shares during the period. Pacer Advisors Inc. owned about 0.79% of Uniti Group worth $10,612,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Inspire Investing LLC increased its stake in Uniti Group by 3.6% in the 4th quarter. Inspire Investing LLC now owns 73,651 shares of the real estate investment trust’s stock valued at $405,000 after buying an additional 2,563 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Uniti Group by 8.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 160,311 shares of the real estate investment trust’s stock valued at $882,000 after acquiring an additional 13,135 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Uniti Group by 35.1% during the fourth quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 3,966 shares during the period. Range Financial Group LLC bought a new stake in Uniti Group during the fourth quarter worth $201,000. Finally, Diversified Trust Co purchased a new position in Uniti Group in the fourth quarter worth $74,000. Institutional investors own 87.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their target price on Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, December 23rd.

Uniti Group Trading Down 1.1 %

Shares of NASDAQ UNIT opened at $5.45 on Wednesday. The stock has a fifty day simple moving average of $5.71 and a two-hundred day simple moving average of $5.19. Uniti Group Inc. has a 1-year low of $2.57 and a 1-year high of $6.71. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.29 and a beta of 1.33.

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.