Universal Electronics Inc. (NASDAQ:UEIC) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 343,229 shares of the technology company's stock after selling 171,844 shares during the quarter. William Blair Investment Management LLC owned 2.63% of Universal Electronics worth $3,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UEIC. Victory Capital Management Inc. boosted its position in shares of Universal Electronics by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company's stock worth $496,000 after buying an additional 2,203 shares in the last quarter. Empowered Funds LLC boosted its position in Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company's stock worth $397,000 after acquiring an additional 2,144 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company's stock valued at $609,000 after purchasing an additional 8,706 shares during the period. Jane Street Group LLC acquired a new stake in Universal Electronics in the 3rd quarter worth about $163,000. Finally, Barclays PLC lifted its holdings in shares of Universal Electronics by 33.5% during the 3rd quarter. Barclays PLC now owns 21,943 shares of the technology company's stock worth $202,000 after acquiring an additional 5,512 shares during the period. 79.35% of the stock is currently owned by institutional investors and hedge funds.

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Universal Electronics Price Performance

Shares of NASDAQ:UEIC traded up $0.43 during midday trading on Monday, reaching $6.87. The company had a trading volume of 118,723 shares, compared to its average volume of 67,814. Universal Electronics Inc. has a one year low of $6.28 and a one year high of $14.20. The stock has a market capitalization of $90.08 million, a P/E ratio of -3.71, a PEG ratio of 3.62 and a beta of 1.21. The stock's fifty day moving average price is $8.91 and its 200-day moving average price is $9.50.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 target price on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com cut shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st.

Universal Electronics Company 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.