Universal Electronics Inc. (NASDAQ:UEIC) Short Interest Update

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 98,300 shares, a growth of 20.2% from the February 13th total of 81,800 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 67,400 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UEIC. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price objective on shares of Universal Electronics in a research report on Friday, February 21st. StockNews.com cut Universal Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st.

Institutional Trading of Universal Electronics

A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in shares of Universal Electronics by 4.3% in the third 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 lifted 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 valued at $397,000 after purchasing an additional 2,144 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Universal Electronics by 15.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company's stock worth $609,000 after buying an additional 8,706 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Universal Electronics during the 3rd quarter valued at $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 last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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Universal Electronics Trading Down 2.4 %

Shares of NASDAQ:UEIC traded down $0.16 during mid-day trading on Friday, reaching $6.44. The company had a trading volume of 78,119 shares, compared to its average volume of 67,469. Universal Electronics has a one year low of $6.28 and a one year high of $14.20. The company's 50-day moving average price is $8.91 and its 200-day moving average price is $9.49. The firm has a market cap of $84.44 million, a price-to-earnings ratio of -3.48, a PEG ratio of 3.62 and a beta of 1.21.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last issued its quarterly 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). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The firm had revenue of $110.45 million for the quarter, compared to analysts' expectations of $102.47 million. On average, research analysts anticipate that Universal Electronics will post 0.17 EPS for the current fiscal year.

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.