The Vanguard Group, Inc. has recently announced that it has increased stake in Uniti Group Inc. (NASDAQ:UNIT) by 0.06%. After grabbing 37.29 million shares, the institutional investor is now in possession of 21856.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 15.72% having worth around $289.36 million. Moreover, BlackRock Fund Advisors increased its share by 41368.0 to have a control over 35.0 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.14 million shares by acquiring 9.29 million shares or 3.91% of the stake.
Uniti Group Inc. (UNIT) concluded trading on 11/23/22 at a closing price of $7.41, with 0.48 million shares of worth about $3.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.42% during that period and on Wednesday the price saw a gain of about 0.54%. Currently the company’s common shares owned by public are about 235.74M shares, out of which, 230.72M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 603,006 shares in 15 of the transactions. In 18 selling transactions, insiders dumped 228,625 shares.
iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Uniti Group Inc. iShares Core S&P Small Cap ETF is currently holding 17.57 million shares of worth totaling $136.38 million. The company recently came buying 12224.0 shares which brought its stake up to 7.41% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 45202.0 shares, after which its hold over company’s outstanding shares shrunk to 4.53%, leaving 10.75 million shares with the mutual fund that have a worth of about $83.42 million. Vanguard Total Stock Market Index, after buying 7.13 million shares, have now control over 3.00% of the stake in the company. It holds 27854.0 shares of worth $55.29 million.
Uniti Group Inc. (NASDAQ: UNIT) started trading at $7.32, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 7.41, or with a gain of 0.54%. Stock saw a price change of -1.33% in past 5 days and over the past one month there was a price change of -3.26%. Year-to-date (YTD), UNIT shares are showing a performance of -47.11% which decreased to -46.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.35 but also hit the highest price of $14.27 during that period. The average intraday trading volume for Uniti Group Inc. shares is 1.92 million. The stock is currently trading 0.86% above its 20-day simple moving average (SMA20), while that difference is up 0.50% for SMA50 and it goes to -27.88% lower than SMA200.
The Vanguard Group, Inc. acquired 37.29 million shares of Uniti Group Inc. having value of about $289.36 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 21856.0 shares in the company valued at close to $161952.96, or have control over 0.06% stake in the company. Uniti Group Inc. (NASDAQ: UNIT) currently have 235.74M outstanding shares and institutions hold larger chunk of about 86.70% of that. Holding of mutual funds in the company is about 44.13% while other institutional holders and individual stake holders have control over 46.82% and 0.98% of the stake respectively.
The stock has a current market capitalization of $1.74B and its 3Y-monthly beta is at 1.18. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UNIT, volatility over the week remained 2.65% while standing at 4.27% over the month.
Analysts are in expectations that Uniti Group Inc. (UNIT) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $0.79 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.15 which is $0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 113.40% while it is estimated to increase by 2766.70% in next year. EPS is likely to shrink at an annualized rate of 34.00% for next 5-years, compared to annual growth of 71.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 16, 2020 offering a Neutral rating for the stock and assigned a target price range of between $6 and $10 to it. Coverage by Wells Fargo stated Uniti Group Inc. (UNIT) stock as an Equal weight in their note to investors on August 12, 2020, suggesting a price target of $10 for the stock. On July 15, 2020, Barclays Initiated their recommendations, while on May 12, 2020, Raymond James Upgrade their ratings for the stock with a price target of $13. Stock get an Outperform rating from Raymond James on March 03, 2020.