2 weeks Ago By Defense World Staff
Alliancebernstein L.P. trimmed its position in shares of Ubiquiti Inc.
(NYSE:UI – Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,137 shares of the company’s stock after selling 1,495 shares during the period.
Alliancebernstein L.P.’s holdings in Ubiquiti were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of UI. Farther Finance Advisors LLC raised its stake in Ubiquiti by 47.0% during the fourth quarter.
Farther Finance Advisors LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Ubiquiti by 71.1% in the 4th quarter.
Venturi Wealth Management LLC now owns 130 shares of the company’s stock worth $43,000 after buying an additional 54 shares during the last quarter. Blue Trust Inc. raised its position in shares of Ubiquiti by 78.
8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock valued at $47,000 after buying an additional 63 shares in the last quarter.
Financial Perspectives Inc lifted its holdings in shares of Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company’s stock valued at $56,000 after acquiring an additional 102 shares during the last quarter.
Finally, Principal Securities Inc. grew its position in Ubiquiti by 89.3% in the fourth quarter.
Principal Securities Inc. now owns 229 shares of the company’s stock worth $76,000 after acquiring an additional 108 shares in the last quarter. 4.
00% of the stock is currently owned by institutional investors. Ubiquiti Stock PerformanceUbiquiti stock opened at $296.55 on Friday.
The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.
98. The firm has a market capitalization of $17.94 billion, a P/E ratio of 40.
29 and a beta of 1.31. Ubiquiti Inc.
has a 1-year low of $104.46 and a 1-year high of $469.98.
The company’s 50-day moving average is $316.19 and its 200 day moving average is $326.17.
Ubiquiti (NYSE:UI – Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.
14 by $0.12. Ubiquiti had a return on equity of 296.
82% and a net margin of 20.68%. During the same period in the prior year, the business earned $1.
36 EPS. Research analysts forecast that Ubiquiti Inc. will post 7.
21 EPS for the current year. Ubiquiti Dividend AnnouncementThe business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Tuesday, February 18th were issued a $0.
60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.
81%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s payout ratio is presently 32.
61%. Analyst Upgrades and DowngradesUI has been the topic of a number of recent research reports. BWS Financial restated a “buy” rating and set a $440.
00 price objective on shares of Ubiquiti in a research report on Friday, April 4th. Barclays decreased their price target on Ubiquiti from $236.00 to $222.
00 and set an “underweight” rating on the stock in a report on Monday, February 10th.Check Out Our Latest Stock Analysis on UbiquitiInsider Buying and SellingIn related news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.
99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at $864,407.
16. This represents a 28.70 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 93.10% of the stock is currently owned by insiders.
Ubiquiti Company Profile (Free Report)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.
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