Astoria Portfolio Advisors LLC. Has $432,000 Position in Ubiquiti Inc. (NYSE:UI)

Astoria Portfolio Advisors LLC. reduced its holdings in Ubiquiti Inc. (NYSE:UI - Free Report) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,300 shares of the company's stock after selling 1,450 shares during the period. Astoria Portfolio Advisors LLC.'s holdings in Ubiquiti were worth $432,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UI. Hanseatic Management Services Inc. raised its holdings in Ubiquiti by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock worth $127,000 after purchasing an additional 41 shares during the period. US Bancorp DE raised its holdings in Ubiquiti by 3.9% in the third quarter. US Bancorp DE now owns 1,537 shares of the company's stock worth $341,000 after purchasing an additional 57 shares during the period. CIBC Asset Management Inc raised its holdings in Ubiquiti by 3.4% in the third quarter. CIBC Asset Management Inc now owns 1,768 shares of the company's stock worth $392,000 after purchasing an additional 58 shares during the period. Huntington National Bank raised its holdings in Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after purchasing an additional 91 shares during the period. Finally, Willis Investment Counsel raised its holdings in Ubiquiti by 6.0% in the third quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock worth $721,000 after purchasing an additional 185 shares during the period. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UI. StockNews.com upgraded shares of Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Barclays increased their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a report on Monday, November 11th. Finally, BWS Financial increased their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a research report on Wednesday.

Ubiquiti Stock Down 0.9 %

Shares of UI stock traded down $3.84 during trading hours on Friday, hitting $406.86. 112,112 shares of the company were exchanged, compared to its average volume of 57,928. The company has a market capitalization of $24.60 billion, a PE ratio of 62.98 and a beta of 1.14. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $422.92. The business has a 50 day moving average of $350.31 and a two-hundred day moving average of $255.13. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio (DPR) is currently 37.15%.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.