Mizuho Markets Americas LLC Increases Stake in Uniti Group Inc. (NASDAQ:UNIT)

Mizuho Markets Americas LLC grew its holdings in shares of Uniti Group Inc. (NASDAQ:UNIT) by 548.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 792,054 shares of the real estate investment trust’s stock after purchasing an additional 670,000 shares during the quarter. Mizuho Markets Americas LLC owned approximately 0.32% of Uniti Group worth $4,467,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Uniti Group in the second quarter worth about $28,000. Ballentine Partners LLC purchased a new position in Uniti Group in the 3rd quarter worth approximately $64,000. Meeder Advisory Services Inc. purchased a new position in Uniti Group in the 2nd quarter worth approximately $36,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Uniti Group during the 1st quarter worth approximately $75,000. Finally, Belvedere Trading LLC purchased a new stake in shares of Uniti Group in the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 87.51% of the company’s stock.

Uniti Group Stock Up 2.4 %

Shares of Uniti Group stock opened at $5.59 on Friday. The firm has a market cap of $1.36 billion, a PE ratio of 13.63 and a beta of 1.31. Uniti Group Inc. has a 52 week low of $2.57 and a 52 week high of $6.71. The business’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $4.31.

Analysts Set New Price Targets

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

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.