EMC Capital Management Buys 14,537 Shares of Uniti Group Inc. (NASDAQ:UNIT)

EMC Capital Management boosted its stake in Uniti Group Inc. (NASDAQ:UNIT) by 63.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,391 shares of the real estate investment trust’s stock after buying an additional 14,537 shares during the quarter. EMC Capital Management’s holdings in Uniti Group were worth $221,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Uniti Group in the fourth quarter valued at about $31,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Uniti Group in the 4th quarter valued at $69,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Uniti Group during the first quarter valued at $75,000. MQS Management LLC acquired a new stake in Uniti Group in the first quarter worth about $93,000. Finally, Clear Creek Financial Management LLC grew its position in shares of Uniti Group by 21.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 37,125 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 6,500 shares during the period. 87.51% of the stock is currently owned by institutional investors.

Uniti Group Trading Down 0.7 %

Shares of UNIT stock traded down $0.03 during trading hours on Friday, hitting $4.05. 2,794,137 shares of the company were exchanged, compared to its average volume of 2,603,137. The company has a market capitalization of $973.05 million, a PE ratio of 66.34 and a beta of 1.29. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The business has a 50 day moving average of $3.20 and a two-hundred day moving average of $4.62.

Analyst Ratings Changes

Separately, Raymond James lowered shares of Uniti Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $8.00 to $6.00 in a report on Monday, May 6th.

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.