Universal Electronics Inc. (NASDAQ:UEIC) Holdings Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 109.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 129,922 shares of the technology company's stock after purchasing an additional 67,939 shares during the period. Russell Investments Group Ltd. owned about 1.00% of Universal Electronics worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Universal Electronics by 4.9% in the fourth quarter. American Century Companies Inc. now owns 223,627 shares of the technology company's stock valued at $2,460,000 after buying an additional 10,529 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Universal Electronics by 2.2% during the 4th quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company's stock valued at $1,803,000 after acquiring an additional 3,500 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Universal Electronics by 9.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 125,360 shares of the technology company's stock worth $1,379,000 after acquiring an additional 11,263 shares during the period. Peapod Lane Capital LLC purchased a new position in shares of Universal Electronics in the 4th quarter valued at approximately $1,215,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Universal Electronics by 25.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,570 shares of the technology company's stock valued at $908,000 after purchasing an additional 16,591 shares during the period. 79.35% of the stock is owned by hedge funds and other institutional investors.

Universal Electronics Stock Performance

UEIC stock traded down $0.16 during trading on Friday, hitting $4.71. The stock had a trading volume of 11,351 shares, compared to its average volume of 73,440. The stock has a market cap of $61.91 million, a price-to-earnings ratio of -2.55, a price-to-earnings-growth ratio of 3.62 and a beta of 1.36. The company's 50 day moving average price is $6.48 and its two-hundred day moving average price is $8.89. Universal Electronics Inc. has a 1-year low of $4.51 and a 1-year high of $14.20.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The company had revenue of $110.45 million for the quarter, compared to analyst estimates of $102.47 million. As a group, sell-side analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UEIC. Rosenblatt Securities reaffirmed a "buy" rating and set a $15.00 price target on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com downgraded shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 1st.

Universal Electronics Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.