Burns Matteson Capital Management LLC Buys Shares of 894 Ubiquiti Inc. $UI

Burns Matteson Capital Management LLC purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 894 shares of the company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UI. AQR Capital Management LLC grew its stake in Ubiquiti by 133.9% during the 1st quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock worth $70,521,000 after buying an additional 132,816 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Ubiquiti by 24.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 111,216 shares of the company’s stock valued at $45,782,000 after buying an additional 21,547 shares during the last quarter. Pacer Advisors Inc. raised its stake in Ubiquiti by 40.3% in the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock valued at $69,928,000 after buying an additional 30,420 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ubiquiti by 4.6% in the second quarter. Geode Capital Management LLC now owns 70,152 shares of the company’s stock worth $28,886,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Long Walk Management LP acquired a new stake in Ubiquiti in the second quarter worth about $28,480,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the sale, the chief accounting officer owned 2,768 shares of the company’s stock, valued at $1,595,973.44. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 93.10% of the stock is owned by insiders.

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $571.90 on Friday. The stock has a market cap of $34.60 billion, a PE ratio of 43.72 and a beta of 1.38. The firm has a fifty day moving average price of $617.41 and a 200 day moving average price of $546.69. Ubiquiti Inc. has a 1 year low of $255.00 and a 1 year high of $803.59.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 7th. The company reported $3.46 EPS for the quarter, beating the consensus estimate of $2.48 by $0.98. The company had revenue of $733.77 million for the quarter, compared to analyst estimates of $702.38 million. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. As a group, equities analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. Ubiquiti’s payout ratio is presently 24.46%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UI shares. Barclays upped their price objective on shares of Ubiquiti from $299.00 to $455.00 and gave the company an “underweight” rating in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. BWS Financial reissued a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a report on Tuesday, November 11th. Finally, Weiss Ratings lowered Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $591.67.

Ubiquiti Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.