Uniti GroupUNIT
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
1.97% less ownership
Funds ownership: 88.76% [Q1] → 86.79% (-1.97%) [Q2]
6% less funds holding
Funds holding: 325 [Q1] → 306 (-19) [Q2]
17% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 111
29% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 65
52% less capital invested
Capital invested by funds: $1.25B [Q1] → $601M (-$650M) [Q2]
53% less call options, than puts
Call options by funds: $3.11M | Put options by funds: $6.65M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
RBC Capital Bora Lee 100% 1-year accuracy 2 / 2 met price target | 2%downside $5.50 | Sector Perform Reiterated | 29 Aug 2024 |
Financial journalist opinion
Based on 5 articles about UNIT published over the past 30 days