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 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more capital invested
Capital invested by funds: $614M [Q2] → $1.18B (+$564M) [Q3]
67% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 42
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
39% more call options, than puts
Call options by funds: $27.8M | Put options by funds: $20M
8% more funds holding
Funds holding: 306 [Q2] → 330 (+24) [Q3]
3.26% less ownership
Funds ownership: 88.71% [Q2] → 85.45% (-3.26%) [Q3]
22% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 109
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 | 9%upside $6 | Sector Perform Maintained | 23 Dec 2024 |
Financial journalist opinion
