1 day Ago By Defense World Staff
Renaissance Technologies LLC cut its holdings in Universal Electronics Inc. ( NASDAQ:UEIC – Free Report ) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC.
The fund owned 115,523 shares of the technology company’s stock after selling 15,200 shares during the period. Renaissance Technologies LLC owned 0.89% of Universal Electronics worth $1,271,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 67,939 shares during the last quarter.
Trexquant Investment LP increased its stake in shares of Universal Electronics by 54.2% during the 4th quarter. Trexquant Investment LP now owns 39,676 shares of the technology company’s stock valued at $436,000 after acquiring an additional 13,943 shares during the last quarter.
Arrowstreet Capital Limited Partnership lifted its holdings in shares of Universal Electronics by 9.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 125,360 shares of the technology company’s stock worth $1,379,000 after acquiring an additional 11,263 shares during the period.
JPMorgan Chase & Co. boosted its position in shares of Universal Electronics by 28.3% in the fourth quarter.
JPMorgan Chase & Co. now owns 22,865 shares of the technology company’s stock worth $252,000 after acquiring an additional 5,042 shares during the last quarter. Finally, Sei Investments Co.
grew its holdings in Universal Electronics by 21.4% in the fourth quarter. Sei Investments Co.
now owns 22,144 shares of the technology company’s stock valued at $244,000 after purchasing an additional 3,909 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.
Analyst Ratings Changes A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Universal Electronics in a research note on Friday, February 21st.
StockNews.com cut Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Universal Electronics Stock Up 0.
4 % Shares of UEIC stock opened at $4.76 on Wednesday. Universal Electronics Inc.
has a fifty-two week low of $4.51 and a fifty-two week high of $14.20.
The firm’s 50 day moving average price is $6.19 and its two-hundred day moving average price is $8.82.
The stock has a market cap of $62.57 million, a price-to-earnings ratio of -2.57, a price-to-earnings-growth ratio of 3.
62 and a beta of 1.36. Universal Electronics ( NASDAQ:UEIC – Get Free Report ) last announced its quarterly earnings results on Thursday, February 20th.
The technology company reported $0.10 earnings per share 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 business had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.
47 million. On average, equities analysts forecast that Universal Electronics Inc. will post 0.
17 EPS for the current fiscal year. About Universal Electronics ( Free Report ) 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.
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