Tue Sep 17 06:45:19 UTC 2024: ## Uniti Group (UNIT) Sees Unusual Options Trading and Insider Sale

**New York, NY – September 17, 2024** – Shares of Uniti Group Inc. (NASDAQ:UNIT) were the subject of unusual options trading on Monday, with traders purchasing a significantly higher than average number of put options. This activity suggests potential market volatility for the real estate investment trust (REIT).

Meanwhile, Ronald J. Mudry, Senior Vice President of Uniti Group, sold 28,693 shares of the company on August 6th at an average price of $3.94, netting a total of $113,050.42. Following the transaction, Mudry now holds 513,761 shares of the company’s stock, valued at approximately $2,024,218.34.

Further indicating potential investor interest, several hedge funds have recently adjusted their positions in Uniti Group. Victory Capital Management Inc. increased its stake by 22.4% in the fourth quarter, while Charles Schwab Investment Management Inc. and Mitsubishi UFJ Asset Management Co. Ltd. raised their holdings by 6.4% and 5.1% respectively. Panagora Asset Management Inc. and Norges Bank both acquired new positions in Uniti Group during the fourth quarter.

Hedge funds and institutional investors collectively own 87.51% of Uniti Group’s stock, underscoring the significant institutional interest in the company.

Uniti Group, which owns and operates mission-critical communications infrastructure, reported earnings on August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ estimates by $0.28. Revenue for the quarter was $294.90 million, slightly exceeding analyst estimates of $289.97 million.

Shares of Uniti Group opened at $5.35 on Tuesday, with a 12-month low of $2.57 and a 12-month high of $6.71. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 89.17, and a beta of 1.28.

While recent trading activity and insider transactions suggest potential volatility, the company’s core business of providing fiber and wireless solutions remains attractive in the rapidly evolving telecommunications landscape.

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