Creative Planning Invests $188,000 in Uniti Group Inc (UNIT)
Creative Planning bought a new stake in Uniti Group Inc (NASDAQ:UNIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,575 shares of the real estate investment trust’s stock, valued at approximately $188,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Gabelli Funds LLC increased its holdings in shares of Uniti Group by 188.9% in the 3rd quarter. Gabelli Funds LLC now owns 156,000 shares of the real estate investment trust’s stock valued at $2,287,000 after acquiring an additional 102,000 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Uniti Group by 636.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 67,000 shares of the real estate investment trust’s stock valued at $982,000 after acquiring an additional 57,900 shares during the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA bought a new stake in shares of Uniti Group in the 3rd quarter valued at approximately $757,000. PVG Asset Management Corp increased its holdings in shares of Uniti Group by 31.5% in the 3rd quarter. PVG Asset Management Corp now owns 173,868 shares of the real estate investment trust’s stock valued at $2,549,000 after acquiring an additional 41,666 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Uniti Group in the 3rd quarter valued at approximately $316,000. 70.05% of the stock is currently owned by institutional investors.
UNIT has been the subject of a number of research analyst reports. Cowen reiterated a “buy” rating on shares of Uniti Group in a report on Friday, November 3rd. ValuEngine downgraded Uniti Group from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded Uniti Group from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Finally, Royal Bank of Canada lowered their price target on Uniti Group from $32.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.14.
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Uniti Group Company Profile
Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.
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