Charles Schwab Investment Management Inc. Buys 452,411 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Charles Schwab Investment Management Inc. grew its stake in shares of Uniti Group Inc. (NASDAQ:UNIT) by 6.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,874,636 shares of the real estate investment trust’s stock after buying an additional 452,411 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Uniti Group were worth $44,413,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Mackenzie Financial Corp grew its position in Uniti Group by 9.6% during the 2nd quarter. Mackenzie Financial Corp now owns 30,923 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,711 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Uniti Group by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,387 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 2,852 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Uniti Group by 9.3% during the second quarter. Van ECK Associates Corp now owns 50,294 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 4,271 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Uniti Group by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 124,636 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 7,302 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Uniti Group by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 153,677 shares of the real estate investment trust’s stock valued at $907,000 after buying an additional 8,524 shares during the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $5.50 target price on shares of Uniti Group in a report on Thursday, August 29th.

Uniti Group Trading Up 0.5 %

NASDAQ UNIT opened at $5.91 on Monday. The firm has a market capitalization of $1.44 billion, a PE ratio of 14.41 and a beta of 1.31. The business’s 50-day moving average price is $5.63 and its two-hundred day moving average price is $4.42. 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.