Trexquant Investment LP decreased its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 65.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,653 shares of the company's stock after selling 18,211 shares during the quarter. Trexquant Investment LP's holdings in Ubiquiti were worth $3,204,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UI. Farther Finance Advisors LLC raised its position in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after buying an additional 54 shares during the period. Blue Trust Inc. raised its holdings 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. Financial Perspectives Inc boosted its position in Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after buying an additional 102 shares during the period. Finally, Principal Securities Inc. grew its holdings in Ubiquiti by 89.3% during the 4th quarter. Principal Securities Inc. now owns 229 shares of the company's stock worth $76,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 4.00% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on UI. Barclays cut their price target on shares of Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th. BWS Financial reaffirmed a "buy" rating and set a $440.00 target price on shares of Ubiquiti in a research report on Friday, April 4th.
Read Our Latest Report on Ubiquiti
Insider Transactions at Ubiquiti
In other news, CAO Kevin Radigan sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the sale, the chief accounting officer now owns 2,484 shares of the company's stock, valued at $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 93.10% of the company's stock.
Ubiquiti Trading Up 2.7 %
NYSE:UI traded up $8.20 on Friday, reaching $307.94. 90,209 shares of the stock traded hands, compared to its average volume of 81,049. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $469.98. The company's 50 day moving average is $324.85 and its 200-day moving average is $323.31. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 41.84 and a beta of 1.31.
Ubiquiti (NYSE:UI - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period last year, the company posted $1.36 EPS. Equities research analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.
Ubiquiti Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.78%. Ubiquiti's payout ratio is currently 32.61%.
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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