Pacific Ridge Capital Partners LLC Sells 13,403 Shares of Universal Electronics Inc. (NASDAQ:UEIC)

Pacific Ridge Capital Partners LLC cut its holdings in Universal Electronics Inc. (NASDAQ:UEIC) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,054 shares of the technology company’s stock after selling 13,403 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.73% of Universal Electronics worth $4,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMH Equity Ltd increased its holdings in Universal Electronics by 23.0% in the first quarter. AMH Equity Ltd now owns 491,968 shares of the technology company’s stock worth $4,925,000 after purchasing an additional 91,968 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Universal Electronics by 4.9% during the fourth quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock worth $387,000 after acquiring an additional 1,936 shares in the last quarter. Trexquant Investment LP grew its holdings in Universal Electronics by 7.1% in the fourth quarter. Trexquant Investment LP now owns 58,135 shares of the technology company’s stock worth $546,000 after purchasing an additional 3,873 shares during the period. Vanguard Group Inc. grew its holdings in Universal Electronics by 1.5% in the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock worth $5,557,000 after purchasing an additional 7,994 shares during the period. Finally, Ancora Advisors LLC increased its stake in Universal Electronics by 7.2% in the first quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company’s stock valued at $2,701,000 after purchasing an additional 18,050 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Universal Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th.

Universal Electronics Stock Up 2.2 %

Shares of UEIC opened at $9.68 on Friday. The business’s fifty day moving average is $9.62 and its 200 day moving average is $10.58. Universal Electronics Inc. has a 12-month low of $7.02 and a 12-month high of $14.20. The stock has a market cap of $125.65 million, a P/E ratio of -2.74 and a beta of 1.14.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). The business had revenue of $90.45 million during the quarter, compared to the consensus estimate of $94.86 million. Universal Electronics had a negative net margin of 11.19% and a negative return on equity of 19.41%. On average, analysts expect that Universal Electronics Inc. will post -0.62 EPS for the current year.

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.