Ubiquiti Inc. (NYSE:UI) Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its holdings in shares of Ubiquiti Inc. (NYSE:UIFree Report) by 116.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223 shares of the company’s stock after buying an additional 120 shares during the quarter. Parallel Advisors LLC’s holdings in Ubiquiti were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UI. Charles Schwab Investment Management Inc. raised its stake in shares of Ubiquiti by 17.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,177 shares of the company’s stock valued at $5,049,000 after acquiring an additional 5,267 shares in the last quarter. Barclays PLC grew its position in shares of Ubiquiti by 2,815.6% during the third quarter. Barclays PLC now owns 7,872 shares of the company’s stock worth $1,145,000 after buying an additional 7,602 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Ubiquiti during the third quarter worth about $409,000. SG Americas Securities LLC purchased a new stake in shares of Ubiquiti during the fourth quarter worth approximately $437,000. Finally, National Bank of Canada FI raised its holdings in Ubiquiti by 258.1% in the fourth quarter. National Bank of Canada FI now owns 555 shares of the company’s stock valued at $76,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UI. BWS Financial reissued a “buy” rating and issued a $160.00 price objective on shares of Ubiquiti in a research report on Monday, May 13th. Barclays raised their price target on Ubiquiti from $93.00 to $108.00 and gave the company an “underweight” rating in a research note on Monday, May 13th. Finally, StockNews.com raised Ubiquiti from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th.

Get Our Latest Stock Analysis on UI

Ubiquiti Trading Down 2.6 %

NYSE UI opened at $144.88 on Friday. The firm’s fifty day moving average price is $124.27 and its 200 day moving average price is $124.20. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $189.52. The company has a debt-to-equity ratio of 32.43, a current ratio of 3.95 and a quick ratio of 1.84. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 25.02 and a beta of 1.19.

Ubiquiti (NYSE:UIGet Free Report) last issued its quarterly earnings data on Friday, May 10th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.51). Ubiquiti had a negative return on equity of 829.74% and a net margin of 18.30%. The firm had revenue of $493.00 million for the quarter, compared to analysts’ expectations of $497.51 million. On average, sell-side analysts expect that Ubiquiti Inc. will post 5.71 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, May 17th. Ubiquiti’s dividend payout ratio is currently 41.45%.

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.

Further Reading

Institutional Ownership by Quarter for Ubiquiti (NYSE:UI)

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