Inspire Investing LLC Buys 2,563 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Inspire Investing LLC raised its stake in Uniti Group Inc. (NASDAQ:UNIT) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,651 shares of the real estate investment trust’s stock after acquiring an additional 2,563 shares during the quarter. Inspire Investing LLC’s holdings in Uniti Group were worth $405,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its stake 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 worth $882,000 after purchasing an additional 13,135 shares during the period. Ballentine Partners LLC increased its position in Uniti Group by 35.1% during the 4th quarter. Ballentine Partners LLC now owns 15,257 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 3,966 shares during the period. Range Financial Group LLC acquired a new stake in shares of Uniti Group during the fourth quarter worth $201,000. Diversified Trust Co acquired a new stake in shares of Uniti Group during the fourth quarter worth $74,000. Finally, CWA Asset Management Group LLC grew its stake in shares of Uniti Group by 14.6% in the fourth quarter. CWA Asset Management Group LLC now owns 78,482 shares of the real estate investment trust’s stock valued at $432,000 after acquiring an additional 10,023 shares in the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price objective on shares of 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 Price Performance

Uniti Group stock opened at $5.77 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 14.07 and a beta of 1.33. The stock’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.15. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71.

Uniti Group Company 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.