Ameriprise Financial Inc. Sells 8,998 Shares of Universal Electronics Inc. (NASDAQ:UEIC)

Ameriprise Financial Inc. lessened its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 776,174 shares of the technology company’s stock after selling 8,998 shares during the period. Ameriprise Financial Inc. owned 5.96% of Universal Electronics worth $8,538,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ancora Advisors LLC bought a new position in Universal Electronics in the fourth quarter valued at about $1,703,000. Peapod Lane Capital LLC bought a new position in Universal Electronics in the fourth quarter valued at about $1,215,000. Russell Investments Group Ltd. boosted its holdings in Universal Electronics by 109.6% in the fourth quarter. Russell Investments Group Ltd. now owns 129,922 shares of the technology company’s stock valued at $1,429,000 after acquiring an additional 67,939 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Universal Electronics by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company’s stock valued at $4,987,000 after acquiring an additional 50,003 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in Universal Electronics in the fourth quarter valued at about $326,000. Institutional investors own 79.35% of the company’s stock.

Universal Electronics Trading Down 1.1%

Shares of UEIC opened at $7.05 on Wednesday. Universal Electronics Inc. has a 1 year low of $4.32 and a 1 year high of $12.64. The stock has a market cap of $92.85 million, a P/E ratio of -3.81, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44. The stock’s 50-day moving average price is $5.77 and its two-hundred day moving average price is $8.60.

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

Insiders Place Their Bets

In related news, Director Eric Singer bought 24,000 shares of Universal Electronics stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $6.73 per share, for a total transaction of $161,520.00. Following the completion of the acquisition, the director now owns 30,403 shares in the company, valued at approximately $204,612.19. This represents a 374.82% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have purchased 33,000 shares of company stock worth $224,670. Insiders own 10.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UEIC shares. StockNews.com cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Universal Electronics in a report on Friday, February 21st.

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.