Nomura Asset Management Co. Ltd. Acquires 7,000 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Nomura Asset Management Co. Ltd. lifted its holdings in Uniti Group Inc. (NASDAQ:UNIT) by 2.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 300,600 shares of the real estate investment trust’s stock after acquiring an additional 7,000 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.12% of Uniti Group worth $1,695,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Davidson Kempner Capital Management LP lifted its stake in Uniti Group by 17.7% in the second quarter. Davidson Kempner Capital Management LP now owns 5,480,000 shares of the real estate investment trust’s stock worth $16,002,000 after purchasing an additional 825,000 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Uniti Group by 206.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 212,489 shares of the real estate investment trust’s stock valued at $1,198,000 after acquiring an additional 143,210 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Uniti Group during the 2nd quarter valued at about $362,000. Charles Schwab Investment Management Inc. boosted its holdings in Uniti Group by 6.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,874,636 shares of the real estate investment trust’s stock valued at $44,413,000 after acquiring an additional 452,411 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in Uniti Group by 352.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 653,203 shares of the real estate investment trust’s stock worth $1,907,000 after acquiring an additional 508,699 shares during the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $5.50 price objective on shares of Uniti Group in a research report on Thursday, August 29th.

Uniti Group Trading Down 0.8 %

UNIT stock opened at $6.07 on Friday. The firm’s 50-day moving average price is $5.71 and its two-hundred day moving average price is $4.59. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.81 and a beta of 1.35. Uniti Group Inc. has a 12-month low of $2.57 and a 12-month high of $6.71.

About Uniti Group

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.