UNIT

Uniti Group
UNIT

$3.86
1.28%

Market Cap: 927M

 

About: Uniti is a REIT with about 140,000 route miles of fiber in the us, primarily in the Southeast. It has agreed to merge with Windstream, which will result in Uniti giving up its REIT status and adding a consumer telecom business line. Uniti's business currently consists exclusively of fiber leasing to enterprises. Windstream currently leases the Uniti network and makes up the bulk of Uniti's revenue and profits. The combined firm will own 217,000 route miles of fiber and pass 4.3 million households and 150,000 commercial buildings, mostly in less populated markets in the Southeast. The firm will continue to offer fiber access to enterprises, as Uniti currently does, but residential telecom services will become its largest revenue stream.

Employees: 813

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 3 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

2% more capital invested

Capital invested by funds: $1.21B [Q4 2023] → $1.23B (+$21M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.21% less ownership

Funds ownership: 87.54% [Q4 2023] → 87.33% (-0.21%) [Q1 2024]

2% less funds holding

Funds holding: 325 [Q4 2023] → 317 (-8) [Q1 2024]

17% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 47

17% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 111

32% less call options, than puts

Call options by funds: $10.4M | Put options by funds: $15.3M

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$5
30%
upside
Avg. target
$7
81%
upside
High target
$10
159%
upside

3 analyst ratings

positive
67%
neutral
33%
negative
0%
Raymond James
Frank Louthan
55%upside
$6
Outperform
Downgraded
6 May 2024
RBC Capital
Bora Lee
30%upside
$5
Sector Perform
Reiterated
25 Mar 2024
TD Cowen
Gregory Williams
159%upside
$10
Outperform
Maintained
1 Mar 2024

Financial journalist opinion

Based on 8 articles about UNIT published over the past 30 days