O Shaughnessy Asset Management LLC grew its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 117.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,594 shares of the company's stock after buying an additional 4,109 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Ubiquiti were worth $2,521,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Versor Investments LP grew its position in shares of Ubiquiti by 254.5% in the 4th quarter. Versor Investments LP now owns 3,900 shares of the company's stock worth $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Barclays PLC boosted its holdings in Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after purchasing an additional 13,079 shares during the period. Convergence Investment Partners LLC bought a new stake in Ubiquiti during the fourth quarter valued at $2,180,000. MML Investors Services LLC acquired a new stake in shares of Ubiquiti during the third quarter worth $327,000. Finally, Monument Capital Management acquired a new stake in shares of Ubiquiti during the fourth quarter worth $354,000. Institutional investors and hedge funds own 4.00% of the company's stock.
Ubiquiti Stock Performance
NYSE:UI traded up $9.94 during mid-day trading on Tuesday, hitting $291.40. The stock had a trading volume of 17,161 shares, compared to its average volume of 101,679. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 39.57 and a beta of 1.31. The company has a 50 day simple moving average of $337.09 and a 200-day simple moving average of $321.38.
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, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.
Ubiquiti Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were paid a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.82%. Ubiquiti's payout ratio is 32.61%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on UI. Barclays dropped their price objective on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a research note on Monday, February 10th. BWS Financial restated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research report on Friday.
Read Our Latest Stock Analysis on Ubiquiti
Insider Activity
In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 93.10% of the company's stock.
Ubiquiti Profile
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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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