Choreo LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 919 shares of the company's stock, valued at approximately $308,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Ubiquiti by 95.0% in the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock valued at $20,522,000 after buying an additional 30,118 shares in the last quarter. Zacks Investment Management bought a new stake in Ubiquiti in the 3rd quarter valued at about $8,892,000. JPMorgan Chase & Co. increased its position in Ubiquiti by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock valued at $6,610,000 after buying an additional 5,045 shares in the last quarter. Tidal Investments LLC increased its holdings in Ubiquiti by 13.3% during the 3rd quarter. Tidal Investments LLC now owns 18,505 shares of the company's stock worth $4,103,000 after purchasing an additional 2,174 shares in the last quarter. Finally, Barclays PLC increased its holdings in Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares in the last quarter. 4.00% of the stock is owned by institutional investors.
Insider Transactions at Ubiquiti
In related news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 93.10% of the company's stock.
Ubiquiti Stock Performance
Shares of NYSE UI traded down $1.18 during midday trading on Monday, reaching $342.28. The company's stock had a trading volume of 62,895 shares, compared to its average volume of 96,580. Ubiquiti Inc. has a 12-month low of $104.24 and a 12-month high of $469.98. The firm has a 50 day moving average price of $369.41 and a 200-day moving average price of $288.09. The stock has a market capitalization of $20.70 billion, a P/E ratio of 52.98 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.
Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. During the same period in the prior year, the firm posted $1.36 EPS. As a group, equities analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.
Ubiquiti Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.70%. Ubiquiti's payout ratio is presently 37.15%.
Analysts Set New Price Targets
UI has been the subject of a number of recent research reports. Barclays decreased their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a report on Monday, February 10th. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. Finally, BWS Financial reissued a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th.
Check Out Our Latest Research Report on UI
Ubiquiti Profile
(
Free Report)
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.
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