Uniti Group Inc. (NASDAQ: UNIT) is 2.73% higher on its value in year-to-date trading and has touched a low of $4.86 and a high of $13.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UNIT stock was last observed hovering at around $12.55 in the last trading session, with the day’s loss setting it -0.5% off its average median price target of $10.50 for the next 12 months. It is also 24.69% off the consensus price target high of $16.00 offered by 11 analysts, but current levels are -100.83% lower than the price target low of $6.00 for the same period.
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Currently trading at $12.05, the stock is -5.08% and -0.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing -3.98% at the moment leaves the stock 18.35% off its SMA200. UNIT registered 13.25% gain for a year compared to 6-month gain of 21.59%. The firm has a 50-day simple moving average (SMA 50) of $12.53 and a 200-day simple moving average (SMA200) of $10.76.
The stock witnessed a -5.12% loss in the last 1 month and extending the period to 3 months gives it a 13.68%, and is -5.56% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 2.88% over the month.
Uniti Group Inc. (UNIT) has around 899 employees, a market worth around $2.77B and $1.06B in sales. Fwd P/E is 36.85. Profit margin for the company is -63.30%. Distance from 52-week low is 147.94% and -10.07% from its 52-week high. The company has generated returns on investments over the last 12 months (10.60%).
Uniti Group Inc. (UNIT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Uniti Group Inc. (UNIT) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 2.80, where 8 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Uniti Group Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $266.29M over the same period.The EPS is expected to shrink by -0.80% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.
Uniti Group Inc. (UNIT) Top Institutional Holders
357 institutions hold shares in Uniti Group Inc. (UNIT), with 1.91M shares held by insiders accounting for 0.82% while institutional investors hold 83.90% of the company’s shares. The shares outstanding are 232.75M, and float is at 208.90M with Short Float at 5.14%. Institutions hold 83.21% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.34 million shares valued at $414.55 million. The investor’s holdings represent 15.18% of the UNIT Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 33.08 million shares valued at $388.0 million to account for 14.21% of the shares outstanding. The other top investors are Elliott Investment Management L.P. which holds 20.48 million shares representing 8.80% and valued at over $240.18 million, while Nomura Holdings Inc. holds 4.33% of the shares totaling 10.07 million with a market value of $118.11 million.
Uniti Group Inc. (UNIT) Insider Activity
A total of 5 insider transactions have happened at Uniti Group Inc. (UNIT) in the last six months, with sales accounting for 4 and purchases happening 1 times.
Uniti Group Inc. (UNIT): Who are the competitors?
The company’s main competitors (and peers) include Sunstone Hotel Investors Inc. (SHO) that is trading 2.19% up over the past 12 months. Short interest in the company’s stock has fallen -37.65% from the last report on Dec 30, 2020 to stand at a total of 14.77 million short shares sold with a short interest ratio of 4.37.