Walleye Capital LLC Decreases Position in Universal Electronics Inc. $UEIC

Walleye Capital LLC reduced its stake in Universal Electronics Inc. (NASDAQ:UEIC) by 69.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,452 shares of the technology company’s stock after selling 26,617 shares during the quarter. Walleye Capital LLC owned about 0.09% of Universal Electronics worth $70,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Universal Electronics by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company’s stock worth $4,987,000 after buying an additional 50,003 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of Universal Electronics in the 4th quarter worth about $139,000. Jane Street Group LLC grew its stake in shares of Universal Electronics by 89.5% in the fourth quarter. Jane Street Group LLC now owns 33,497 shares of the technology company’s stock valued at $368,000 after buying an additional 15,819 shares in the last quarter. Millennium Management LLC grew its stake in shares of Universal Electronics by 63.9% in the fourth quarter. Millennium Management LLC now owns 62,972 shares of the technology company’s stock valued at $693,000 after buying an additional 24,541 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Universal Electronics in the fourth quarter valued at about $121,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Price Performance

Shares of Universal Electronics stock opened at $4.80 on Friday. Universal Electronics Inc. has a 1-year low of $4.25 and a 1-year high of $12.50. The business’s fifty day moving average price is $5.81 and its two-hundred day moving average price is $6.20. The company has a market capitalization of $64.03 million, a P/E ratio of -3.84 and a beta of 1.62.

Analyst Ratings Changes

Separately, Rosenblatt Securities lowered Universal Electronics from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

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.