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.

Uniti Group Inc (NASDAQ UNIT) opened at $14.94 on Thursday. The company has a market capitalization of $2,620.00 and a price-to-earnings ratio of -55.33. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03. Uniti Group Inc has a 52 week low of $13.81 and a 52 week high of $29.65.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/02/08/creative-planning-invests-188000-in-uniti-group-inc-unit.html.

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.

Want to see what other hedge funds are holding UNIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uniti Group Inc (NASDAQ:UNIT).

Institutional Ownership by Quarter for Uniti Group (NASDAQ:UNIT)

Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.