Impact Partnership Wealth LLC purchased a new stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 957 shares of the company's stock, valued at approximately $318,000.
Several other large investors have also made changes to their positions in the business. SW Investment Management LLC increased its stake in shares of Ubiquiti by 9.1% in the 2nd quarter. SW Investment Management LLC now owns 300,000 shares of the company's stock worth $43,698,000 after acquiring an additional 25,000 shares during the last quarter. Millennium Management LLC grew its holdings in Ubiquiti by 86.2% during the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company's stock worth $8,499,000 after acquiring an additional 27,011 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Ubiquiti in the 3rd quarter valued at about $8,892,000. Pacer Advisors Inc. acquired a new position in Ubiquiti in the third quarter valued at $7,030,000. Finally, JPMorgan Chase & Co. grew its position in Ubiquiti by 20.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock worth $6,610,000 after purchasing an additional 5,045 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.
Ubiquiti Stock Down 0.2 %
Ubiquiti stock traded down $0.94 during midday trading on Friday, hitting $430.18. The stock had a trading volume of 87,944 shares, compared to its average volume of 76,327. 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 business has a fifty day moving average price of $358.20 and a 200 day moving average price of $263.81. The stock has a market cap of $26.01 billion, a P/E ratio of 66.59 and a beta of 1.14.
Ubiquiti (NYSE:UI - Get Free Report) last released 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. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The business had revenue of $550.34 million during the quarter, compared to analyst estimates of $535.03 million. Research analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.
Ubiquiti Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, November 18th. This represents a $2.40 annualized dividend and a yield of 0.56%. Ubiquiti's dividend payout ratio is currently 37.15%.
Analyst Upgrades and Downgrades
UI has been the subject of several recent analyst reports. StockNews.com raised Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. BWS Financial boosted their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Barclays lifted their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a report on Monday, November 11th.
Read Our Latest Research Report on Ubiquiti
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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