Uniti Group Inc. (NASDAQ:UNIT) marched up 14.89% compared to a 52-week low price of $8.06. The shares were last seen trading 2.21% higher, taking the closing price at $9.26 on 7/11/2019. At a recent session, the prices were hovering between $8.7641 and $9.84. This company shares are -1.3% up from its target price of $9.14 and the current market capitalization stands at $1.74B. The recent change has given its price a -10.39% deficit over SMA 50 and -57.7% deficit over its 52-week high. The stock witnessed -10.7% declines, -20.85% declines and -48.64% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found UNIT’s volatility during a week at 4.83% and during a month it has been found around 4.65%.
What Does Uniti Group Inc. (UNIT) Do?
The company describes itself in regulatory filings as, “Uniti Group, Inc. is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis. The Fiber Infrastructure segment refers to the operations of the fiber business of the company, Uniti Fiber, which provides infrastructure solutions, including cell site backhaul and dark fiber, to the telecommunications industry. The Towers segment encompasses Uniti Towers, which acquires and construct tower-related real estate in the United States and Latin America. The Consumer CLEC segment is the operations of Talk America, which provides local telephone, high-speed internet and long distance services to customers in the eastern and central United States. The Corporate segment is consist of corporate and back office functions of the company. The company was founded in February 2014 and is headquartered in Little Rock, AR.” [Text can be found here: https://www.marketwatch.com/investing/stock/UNIT/profile under company description.]Uniti Group Inc. (UNIT) Top Holders
Institutional investors currently hold around $1.34 billion or 82% in UNIT stock. Look at its top three institutional owners: Vanguard Group Inc owns $242.45 million in Uniti Group Inc., which represents roughly 13.93% of the company’s market cap and approximately 18.12% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 16,342,287 shares of the stock are valued at $148.06 million. The third largest holder is Ubs Group Ag, which currently holds $81.29 million worth of this stock and that ownership represents nearly 4.67% of its market capitalization.Uniti Group Inc. 13F Filings
At the end of March reporting period, 143 institutional holders increased their position in Uniti Group Inc. (NASDAQ:UNIT) by some 39,000,788 shares, 153 decreased positions by 22,861,862 and 75 held positions by 85,765,207. That puts total institutional holdings at 147,627,857 shares, according to SEC filings. The stock grabbed 46 new institutional investments totaling 13,355,572 shares while 69 institutional investors sold out their entire positions totaling 10,579,288 shares.Uniti Group Inc. (NASDAQ:UNIT) Insider Trades
Multiple company employees have indulged in significant insider trading. Uniti Group Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director SOLOMON DAVID L has acquired 1,300 shares of Uniti Group Inc. (UNIT) in the trading session dated Aug. 23, 2017. These shares are worth $24,830 and were traded at $19.1 each. The SEC filing shows that Gunderman Kenny performed a purchase of 4,000 shares. The President and CEO added these shares by way of transaction on Aug. 21, 2017. The company’s shares were assimilated at $18.88 per share worth to an investment of some $75,520 to the account of Gunderman Kenny.
Principal Accounting Officer, Schuhmacher Blake, purchased 500 common shares of Uniti Group Inc. (UNIT) in the open market. In a transaction dated Aug. 18, 2017, the shares were bought at an average price of $18.98, giving away a sum of $9,490. After this purchase, 16,673 common shares of UNIT are directly owned by the insider, with total stake valued at $154,392.
In the transaction dated Aug. 17, 2017, a great number of shares acquired came courtesy the President and CEO; Gunderman Kenny added a total of 2,000 shares at an average price of $19.23, amounting to approximately $38,460. The insider now directly owns 268,553 shares worth $2,486,801.Uniti Group Inc. (UNIT) Analyst Guide
Several analysts have released their opinion on Uniti Group Inc. (NASDAQ:UNIT), with 0 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 3 sell and 1 strong sell ratings, collectively assigning a 3.56 average brokerage recommendation [T1].