Uniti Group Inc. (NASDAQ:UNIT) Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC grew its position in shares of Uniti Group Inc. (NASDAQ:UNIT) by 548.9% during the third quarter, Holdings Channel reports. The firm owned 792,054 shares of the real estate investment trust’s stock after acquiring an additional 670,000 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Uniti Group were worth $4,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UNIT. CWA Asset Management Group LLC purchased a new stake in shares of Uniti Group in the 3rd quarter valued at $386,000. Belvedere Trading LLC acquired a new position in Uniti Group in the 3rd quarter valued at about $76,000. Pinnacle Associates Ltd. acquired a new position in Uniti Group in the 3rd quarter valued at about $115,000. Wealth Enhancement Advisory Services LLC increased its stake in Uniti Group by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 2,852 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Uniti Group during the third quarter worth about $64,000. 87.51% of the stock is currently owned by hedge funds and other institutional investors.

Uniti Group Trading Up 2.4 %

NASDAQ:UNIT opened at $5.59 on Friday. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.71. The firm has a market cap of $1.36 billion, a PE ratio of 13.63 and a beta of 1.31. The stock has a fifty day moving average price of $5.52 and a 200 day moving average price of $4.31.

Wall Street Analysts Forecast Growth

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

Uniti Group 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.