MML Investors Services LLC Acquires Shares of 1,476 Ubiquiti Inc. (NYSE:UI)

MML Investors Services LLC purchased a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,476 shares of the company's stock, valued at approximately $327,000.

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of Ubiquiti by 3.9% during the third quarter. US Bancorp DE now owns 1,537 shares of the company's stock valued at $341,000 after purchasing an additional 57 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Ubiquiti by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,768 shares of the company's stock valued at $392,000 after buying an additional 58 shares during the last quarter. Huntington National Bank boosted its position in Ubiquiti by 267.6% during the 3rd quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after buying an additional 91 shares during the period. Willis Investment Counsel grew its holdings in Ubiquiti by 6.0% during the 3rd quarter. Willis Investment Counsel now owns 3,250 shares of the company's stock worth $721,000 after acquiring an additional 185 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in Ubiquiti in the 3rd quarter valued at approximately $47,000. 4.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on UI. StockNews.com upgraded Ubiquiti from a "hold" rating to a "buy" rating in a report on Sunday, November 17th. BWS Financial upped their price objective on shares of Ubiquiti from $240.00 to $385.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an "underweight" rating in a research report on Monday, November 11th.

Ubiquiti Stock Up 1.7 %

Shares of NYSE:UI traded up $5.76 during trading on Wednesday, hitting $350.66. The stock had a trading volume of 31,781 shares, compared to its average volume of 77,846. The company has a market capitalization of $21.20 billion, a PE ratio of 54.28 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The firm's fifty day moving average is $314.18 and its 200 day moving average is $228.50. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $366.33.

Ubiquiti Dividend Announcement

The firm also recently disclosed 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. This represents a $2.40 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, November 18th. Ubiquiti's payout ratio is currently 37.15%.

About Ubiquiti

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.