Stratos Wealth Partners LTD. Makes New $260,000 Investment in Ubiquiti Inc. $UI

Stratos Wealth Partners LTD. acquired a new position in Ubiquiti Inc. (NYSE:UI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 632 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new position in shares of Ubiquiti in the first quarter worth approximately $571,000. Greenleaf Trust bought a new position in shares of Ubiquiti in the second quarter worth approximately $227,000. Maverick Capital Ltd. bought a new position in shares of Ubiquiti in the first quarter worth approximately $1,293,000. One Wealth Advisors LLC bought a new position in shares of Ubiquiti in the second quarter worth approximately $219,000. Finally, Baron Wealth Management LLC bought a new position in shares of Ubiquiti in the second quarter worth approximately $382,000. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UI. UBS Group set a $600.00 target price on shares of Ubiquiti in a research note on Monday, August 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ubiquiti in a research note on Friday. Barclays increased their price objective on shares of Ubiquiti from $247.00 to $299.00 and gave the company an “underweight” rating in a research report on Friday, August 22nd. Finally, BWS Financial increased their price objective on shares of Ubiquiti from $600.00 to $720.00 and gave the company a “buy” rating in a research report on Monday, October 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $539.67.

Ubiquiti Price Performance

Shares of NYSE UI opened at $734.74 on Friday. The firm has a fifty day moving average price of $615.88 and a 200-day moving average price of $470.68. The stock has a market cap of $44.44 billion, a PE ratio of 62.42 and a beta of 1.44. Ubiquiti Inc. has a 1 year low of $245.00 and a 1 year high of $773.95.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, August 22nd. The company reported $3.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $1.31. The firm had revenue of $759.15 million during the quarter, compared to analysts’ expectations of $618.80 million. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. During the same period in the prior year, the company posted $1.74 earnings per share. On average, research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Ubiquiti’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 0.4%. Ubiquiti’s dividend payout ratio is 27.19%.

About Ubiquiti

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.