1,270 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,270 shares of the company's stock, valued at approximately $422,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UI. Huntington National Bank raised its holdings in shares of Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock valued at $28,000 after buying an additional 91 shares during the period. Raleigh Capital Management Inc. acquired a new stake in Ubiquiti in the third quarter valued at approximately $47,000. Blue Trust Inc. raised its stake in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after purchasing an additional 63 shares during the period. Hanseatic Management Services Inc. purchased a new position in shares of Ubiquiti in the third quarter valued at $76,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Ubiquiti in the third quarter valued at $126,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Ubiquiti Stock Down 0.3 %

NYSE UI traded down $1.28 during trading hours on Monday, reaching $402.26. 64,706 shares of the company traded hands, compared to its average volume of 90,318. The stock has a market capitalization of $24.32 billion, a PE ratio of 62.33 and a beta of 1.14. 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 Inc. has a 12 month low of $104.24 and a 12 month high of $438.12. The company has a 50 day moving average of $363.23 and a two-hundred day moving average of $273.39.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.75 by $0.37. The business had revenue of $550.34 million for the quarter, compared to analysts' expectations of $535.03 million. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. As a group, equities analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a $0.60 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.60%. Ubiquiti's payout ratio is 37.15%.

Wall Street Analysts Forecast Growth

UI has been the topic of a number of recent analyst reports. BWS Financial boosted their price objective on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a research note on Sunday, November 17th. Finally, Barclays raised their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a research note on Monday, November 11th.

Ubiquiti 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.