Pacer Advisors Inc. Increases Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Pacer Advisors Inc. increased its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 95.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,825 shares of the company's stock after purchasing an additional 30,118 shares during the period. Pacer Advisors Inc. owned approximately 0.10% of Ubiquiti worth $20,522,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UI. Huntington National Bank raised its stake in shares of Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company's stock worth $28,000 after purchasing an additional 91 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in Ubiquiti during the third quarter worth $47,000. 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 valued at $47,000 after buying an additional 63 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in Ubiquiti during the 3rd quarter valued at $76,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ubiquiti during the 3rd quarter worth $126,000. Institutional investors and hedge funds own 4.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Ubiquiti from $104.00 to $236.00 and gave the company an "underweight" rating in a research report on Monday, November 11th. StockNews.com raised shares of Ubiquiti from a "hold" rating to a "buy" rating in a research report on Sunday, November 17th. Finally, BWS Financial upped their target price on Ubiquiti from $385.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday, January 15th.

Ubiquiti Stock Performance

Shares of NYSE:UI traded up $3.90 during midday trading on Friday, reaching $402.66. The company had a trading volume of 56,249 shares, compared to its average volume of 84,647. The stock has a market cap of $24.35 billion, a P/E ratio of 62.33 and a beta of 1.14. The company's 50 day moving average price is $363.23 and its 200 day moving average price is $272.00. 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 52-week low of $104.24 and a 52-week high of $438.12.

Ubiquiti (NYSE:UI - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.37. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The firm had revenue of $550.34 million for the quarter, compared to analysts' expectations of $535.03 million. As a group, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, November 18th. Ubiquiti's dividend payout ratio is currently 37.15%.

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.