Gilliland Jeter Wealth Management LLC Sells 9,000 Shares of Uniti Group Inc. (NASDAQ:UNIT)

Gilliland Jeter Wealth Management LLC trimmed its position in shares of Uniti Group Inc. (NASDAQ:UNIT) by 24.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,172 shares of the real estate investment trust’s stock after selling 9,000 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Uniti Group were worth $149,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its holdings in shares of Uniti Group by 449.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 970,590 shares of the real estate investment trust’s stock valued at $5,338,000 after acquiring an additional 794,049 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Uniti Group by 0.9% in the fourth quarter. State of Alaska Department of Revenue now owns 255,119 shares of the real estate investment trust’s stock worth $1,402,000 after purchasing an additional 2,397 shares during the last quarter. Golden State Equity Partners grew its stake in Uniti Group by 9.5% in the 4th quarter. Golden State Equity Partners now owns 23,105 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 2,000 shares during the period. EMC Capital Management increased its position in shares of Uniti Group by 462.2% during the 4th quarter. EMC Capital Management now owns 37,391 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 30,740 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Uniti Group by 30.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,929,472 shares of the real estate investment trust’s stock worth $10,612,000 after purchasing an additional 446,168 shares during the period. Institutional investors own 87.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on shares of Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, December 23rd.

Uniti Group Price Performance

Shares of NASDAQ UNIT opened at $5.47 on Friday. The business’s fifty day moving average price is $5.65 and its 200-day moving average price is $5.25. Uniti Group Inc. has a one year low of $2.57 and a one year high of $6.71. The stock has a market capitalization of $1.34 billion, a PE ratio of 13.34 and a beta of 1.31.

Uniti Group Company Profile

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.