HighTower Advisors LLC Invests $1.53 Million in Ubiquiti Inc. (NYSE:UI)

HighTower Advisors LLC acquired a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,612 shares of the company's stock, valued at approximately $1,531,000.

Several other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares in the last quarter. Blue Trust Inc. raised its position in Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares during the last quarter. Financial Perspectives Inc lifted its stake in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after acquiring an additional 102 shares during the period. Principal Securities Inc. boosted its holdings in shares of Ubiquiti by 89.3% during the 4th quarter. Principal Securities Inc. now owns 229 shares of the company's stock valued at $76,000 after acquiring an additional 108 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Ubiquiti by 34.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 286 shares of the company's stock worth $95,000 after acquiring an additional 74 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UI shares. BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Monday, February 10th. Barclays dropped their price target on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th.

Remove Ads

Insider Buying and Selling at Ubiquiti

In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 93.10% of the stock is currently owned by corporate insiders.

Ubiquiti Stock Performance

Shares of NYSE:UI traded up $0.08 during trading on Friday, hitting $309.68. The company's stock had a trading volume of 63,193 shares, compared to its average volume of 79,559. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm has a market cap of $18.73 billion, a price-to-earnings ratio of 42.08 and a beta of 1.12. The company has a 50-day moving average of $353.15 and a 200-day moving average of $315.00. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the firm earned $1.36 EPS. On average, sell-side analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 0.77%. Ubiquiti's dividend payout ratio (DPR) is presently 32.61%.

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.