Mizuho Markets Americas LLC has significantly decreased its holdings in Uniti Group Inc. (NASDAQ: UNIT) by **49.4%** during the third quarter of 2023. This reduction was detailed in the company’s latest **13F filing** with the **Securities and Exchange Commission (SEC)**, revealing that Mizuho now owns **288,246 shares** of the real estate investment trust after selling **281,658 shares** during the period. As of the recent filing, the value of Mizuho’s remaining stake in Uniti Group stands at **$1,764,000**.
Multiple institutional investors have also adjusted their positions in Uniti Group. Notably, **King Street Capital Management L.P.** increased its stake by **36.4%** during the second quarter, bringing its total holdings to **6,000,000 shares** valued at **$25,920,000** after acquiring an additional **1,600,000 shares**.
Similarly, **Goldman Sachs Group Inc.** raised its position by **23.6%** in the first quarter, now holding **4,604,599 shares** worth **$23,207,000** after an increase of **877,911 shares**. **Thrivent Financial for Lutherans** and **Bracebridge Capital LLC** also expanded their stakes by **36.5%** and **33.0%**, respectively, during the second quarter. Thrivent now owns **3,290,053 shares** valued at **$14,213,000**, while Bracebridge’s total stands at **3,234,638 shares**, worth **$13,974,000**. Finally, **Marshall Wace LLP** boosted its holdings by **4.0%**, acquiring an additional **113,792 shares**, which brings its total to **2,991,433 shares**, valued at **$12,923,000**. Collectively, institutional and hedge fund investors now own **87.51%** of Uniti Group’s stock.
Current Performance and Market Position
On Monday, shares of Uniti Group opened at **$7.51**. The company’s **50-day moving average** is currently **$6.85**, while its **200-day moving average** sits at **$6.28**. Uniti Group boasts a market capitalization of **$1.11 billion**, a **price-to-earnings (PE) ratio** of **1.47**, and a **beta** of **1.45**. The stock has exhibited considerable volatility over the past year, with a low of **$5.30** and a high of **$12.34**.
Uniti Group Inc. is a real estate investment trust specializing in the ownership and operation of communications infrastructure across the United States. Established in **September 2015** following a spin-off from **Windstream Holdings**, the company focuses on leasing fiber, small cell networks, and cell towers. These assets are essential for providing high-capacity connectivity to service providers, wireless carriers, and enterprises, catering to the increasing data demands of various customers.
The company emphasizes long-term contractual lease arrangements to ensure stability and growth. Uniti’s extensive fiber network serves both metropolitan and rural areas, while its portfolio of wireless towers and small cell nodes supports mobile network densification and aids in the deployment of **5G services**.
For those interested in tracking further developments regarding Uniti Group, including updates on hedge fund holdings and insider trades, resources such as **HoldingsChannel.com** provide the latest **13F filings** and investment insights.
