Amalgamated Bank purchased a new position in Communications Sales & Leasing,Inc. (NASDAQ:UNIT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,626 shares of the real estate investment trust’s stock, valued at approximately $507,000.

Several other large investors have also modified their holdings of UNIT. Texas Permanent School Fund purchased a new stake in shares of Communications Sales & Leasing,Inc. during the first quarter worth approximately $2,624,000. Retirement Systems of Alabama purchased a new stake in shares of Communications Sales & Leasing,Inc. during the first quarter worth approximately $8,308,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Communications Sales & Leasing,Inc. during the first quarter worth approximately $10,918,000. Wildcat Capital Management LLC purchased a new stake in shares of Communications Sales & Leasing,Inc. during the first quarter worth approximately $4,214,000. Finally, Horrell Capital Management Inc. purchased a new stake in shares of Communications Sales & Leasing,Inc. during the first quarter worth approximately $2,599,000. Institutional investors and hedge funds own 56.78% of the company’s stock.

Shares of Communications Sales & Leasing,Inc. (NASDAQ:UNIT) traded down 8.59% on Thursday, hitting $22.57. The stock had a trading volume of 4,371,777 shares. The firm’s 50-day moving average is $25.79 and its 200-day moving average is $26.14. The company’s market cap is $3.96 billion. Communications Sales & Leasing,Inc. has a one year low of $22.50 and a one year high of $32.73.

TRADEMARK VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/03/19626-shares-in-communications-sales-leasinginc-unit-acquired-by-amalgamated-bank-updated-updated-updated.html.

A number of equities research analysts recently commented on the company. Cowen and Company reiterated a “buy” rating and issued a $33.00 target price on shares of Communications Sales & Leasing,Inc. in a research report on Friday, July 28th. Deutsche Bank AG upped their target price on Communications Sales & Leasing,Inc. from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, June 7th. Zacks Investment Research upgraded Communications Sales & Leasing,Inc. from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada assumed coverage on Communications Sales & Leasing,Inc. in a research report on Monday, June 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, ValuEngine lowered Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.17.

In related news, insider Kenny Gunderman acquired 14,500 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was purchased at an average price of $24.15 per share, for a total transaction of $350,175.00. Following the transaction, the insider now directly owns 262,053 shares of the company’s stock, valued at approximately $6,328,579.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company’s stock.

Communications Sales & Leasing,Inc. Company Profile

Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

Institutional Ownership by Quarter for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

Receive News & Stock Ratings for Communications Sales & LeasingInc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Communications Sales & LeasingInc. and related stocks with our FREE daily email newsletter.