Uniti Group Inc (UNIT) Stock Could Soon Reward Patient Investors

Uniti Group Inc (NASDAQ: UNIT) is -10.38% lower on its value in year-to-date trading and has touched a low of $2.94 and a high of $6.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UNIT stock was last observed hovering at around $4.85 in the last trading session, with the day’s gains setting it 0.33%.

Currently trading at $5.18, the stock is -2.69% and -6.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 6.80% at the moment leaves the stock 6.21% off its SMA200. UNIT registered -14.52% loss for a year compared to 6-month loss of -10.23%. The firm has a 50-day simple moving average (SMA 50) of $6.00 and a 200-day simple moving average (SMA200) of $10.09.

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The stock witnessed a -7.33% gain in the last 1 month and extending the period to 3 months gives it a 8.37%, and is 1.37% up 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 4.29% over the week and 3.71% over the month.

Uniti Group Inc (UNIT) has around Dec 14 2023 employees, a market worth around $1.24B and $1.43B in sales. Fwd P/E is 12.24. Profit margin for the company is -3.03%. Distance from 52-week low is 76.19% and -16.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.28%).

Uniti Group Inc quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $296.22M over the same period.The EPS is expected to shrink by -436.23% this year, but quarterly earnings will post 2.90% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.

Uniti Group Inc (UNIT) Top Institutional Holders

414 institutions hold shares in Uniti Group Inc (UNIT), with institutional investors hold 89.67% of the company’s shares. The shares outstanding are 235.83M, and float is at 231.38M with Short Float at 8.87%. Institutions hold 88.66% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 39.36 million shares valued at $181.86 million. The investor’s holdings represent 16.49% of the UNIT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 38.08 million shares valued at $175.91 million to account for 15.95% of the shares outstanding. The other top investors are Elliott Investment Management L.p. which holds 10.12 million shares representing 4.24% and valued at over $46.76 million, while State Street Corporation holds 4.17% of the shares totaling 9.95 million with a market value of $45.99 million.

Uniti Group Inc (UNIT) Insider Activity

A total of 0 insider transactions have happened at Uniti Group Inc (UNIT) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Gunderman Kenny,the company’sPresident and CEO. SEC filings show that Gunderman Kenny bought 225,000 shares of the company’s common stock on Mar 09 at a price of $4.37 per share for a total of $0.98 million. Following the purchase, the insider now owns 1.37 million shares.

Uniti Group Inc (UNIT): Who are the competitors?

The company’s main competitors (and peers) include Sunstone Hotel Investors Inc. (SHO) that is trading 0.47% up over the past 12 months. Annaly Capital Management Inc. (NLY) that is -13.00% lower over the same period.