Sonora Investment Management Group LLC Has $1.35 Million Holdings in Uniti Group Inc. $UNIT

by · The Markets Daily

Sonora Investment Management Group LLC trimmed its position in Uniti Group Inc. (NASDAQ:UNIT – Free Report) by 34.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,079 shares of the real estate investment trust’s stock after selling 114,211 shares during the quarter. Sonora Investment Management Group LLC’s holdings in Uniti Group were worth $1,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UNIT. Vanguard Group Inc. increased its holdings in Uniti Group by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,996,734 shares of the real estate investment trust’s stock valued at $186,464,000 after buying an additional 151,070 shares during the period. Nuveen LLC acquired a new stake in shares of Uniti Group during the 1st quarter valued at about $6,158,000. Russell Investments Group Ltd. boosted its position in shares of Uniti Group by 457.8% during the 1st quarter. Russell Investments Group Ltd. now owns 127,265 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 104,451 shares in the last quarter. American Century Companies Inc. bought a new stake in Uniti Group in the first quarter valued at about $65,000. Finally, Jump Financial LLC acquired a new position in Uniti Group in the first quarter worth about $383,000. 87.51% of the stock is owned by institutional investors.

Uniti Group Price Performance

NASDAQ UNIT opened at $7.37 on Wednesday. The stock’s 50 day simple moving average is $6.22 and its 200 day simple moving average is $5.80. Uniti Group Inc. has a one year low of $5.30 and a one year high of $12.34. The firm has a market cap of $1.09 billion, a PE ratio of 1.44 and a beta of 1.49.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UNIT shares. Barclays assumed coverage on Uniti Group in a report on Friday, October 3rd. They set an “equal weight” rating and a $6.00 price objective on the stock. Weiss Ratings upgraded Uniti Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen upgraded Uniti Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Wells Fargo & Company dropped their price objective on Uniti Group from $7.50 to $7.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. started coverage on shares of Uniti Group in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Uniti Group has a consensus rating of “Hold” and an average target price of $6.55.

View Our Latest Analysis on Uniti Group

Uniti Group Company Profile

(Free Report)

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.

See Also

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