Uniti Group
UNIT on Nasdaq. Uniti sells internet and communications services to homes, businesses and carriers. Market value $1.9bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Media & telecom stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-42.46 of spare cash in the past 12 months. A savings account pays about $4.
You pay 104.9 years of operating profit for the business. The average large US company costs around 18.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.
$8.10 a share, 53% above its 1-year low
Over the past year the price has ranged from $5.30 to $12.94.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $835 million in the past 12 months, a shortfall of $438 million in the year to December 2025.
| Revenue | |
| Revenue | $2.2bn |
| Operating margin | |
| Operating margin | 11.7% |
| Debt to equity | |
| Debt to equity | 25.23 |
| Shares outstanding | |
| Shares outstanding | 0.24bn |
Health checks
- Free cash flow positive0 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt25.23× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 2 March 2026
- Next quarterly (estimated, 10-Q)
- 29 October 2026
Who owns it
4 long-term investors we follow own it, down from 5 last quarter. 281 funds in all.
- Elliott Investment ManagementPaul Singer
- Value
- $677m
- Share of fund
- 4.7%
- First Pacific Advisors (FPA)Steven Romick
- Value
- $289,445
- Share of fund
- <0.1%
- Gotham Asset ManagementJoel Greenblatt
- Value
- $124,048
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Elliott Investment ManagementPaul Singer | $677m | 4.7% | |
| LSV Asset ManagementJosef Lakonishok | $4m | <0.1% | Cut |
| First Pacific Advisors (FPA)Steven Romick | $289,445 | <0.1% | |
| Gotham Asset ManagementJoel Greenblatt | $124,048 | <0.1% |
Sold out this quarter
- Barrow HanleyBarrow Hanley teamSold out
Largest holders overall
- Elliott Investment Management$677m
- BlackRock$346mAdded
- Vanguard Portfolio Management$144mAdded
- T. Rowe Price Investment Management$139mCut
- Apollo Management Holdings, L.P.$122mAdded
- Vanguard Capital Management$116m
- Mirae Asset Global Etfs Holdings$106mAdded
- State Street$101mAdded
- Bracebridge Capital$92mAdded
- Geode Capital Management$54mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- Since 1 August 2025
What they said
Pre-Closing Reorganization of Windstream and Merger of Old Uniti and Windstream into Wholly-Owned Subsidiary of the Issuer On May 3, 2024, Windstream Holdings II, LLC ("Windstream") and Uniti Group Inc, a predecessor entity to the Issuer ("Old Uniti"), entered into an agreement…
Read the filing - BlackRock, Inc.Passive investor12.3%+1.1 ptsSince 30 June 2026
- Pacific Investment Management Company LLCPassive investor10.7%Since 30 September 2025
- Vanguard Portfolio ManagementPassive investor5.1%Since 31 March 2026
- T. Rowe Price Investment Management, Inc.Passive investor5.0%−2.5 ptsSince 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
27.9% | 1 August 2025 | What they saidPre-Closing Reorganization of Windstream and Merger of Old Uniti and Windstream into Wholly-Owned Subsidiary of the Issuer On May 3, 2024, Windstream Holdings II, LLC ("Windstream") and Uniti Group Inc, a predecessor entity to the Issuer ("Old Uniti"), entered into an agreement… Read the filing | |
BlackRock, Inc. Passive investor | 12.3%+1.1 pts | 30 June 2026 | |
Pacific Investment Management Company LLC Passive investor | 10.7% | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 5.1% | 31 March 2026 | |
T. Rowe Price Investment Management, Inc. Passive investor | 5.0%−2.5 pts | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $58,575.
- Perez-Carlton CarmenDirectorSold
- Date
- 13 March 2026
- Shares
- 7,500
- Price
- $7.81
- Value
- $58,575
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 March 2026 | Perez-Carlton Carmen Director | Sold | 7,500 | $7.81 | $58,575 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It carries a lot of debt: 25.2× its equity.
- It isn't cheap on profits: 104.9× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.