UBS Group AG Sells 16,476 Shares of Ubiquiti Inc. $UI

UBS Group AG reduced its position in Ubiquiti Inc. (NYSE:UI) by 48.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,379 shares of the company’s stock after selling 16,476 shares during the period. UBS Group AG’s holdings in Ubiquiti were worth $9,617,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC purchased a new position in shares of Ubiquiti in the 3rd quarter valued at approximately $33,000. Quarry LP purchased a new position in shares of Ubiquiti in the 3rd quarter valued at approximately $34,000. Flagship Harbor Advisors LLC purchased a new position in shares of Ubiquiti in the 4th quarter valued at approximately $65,000. Finally, Westside Investment Management Inc. raised its position in shares of Ubiquiti by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock valued at $69,000 after purchasing an additional 51 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Trading Down 5.4%

UI opened at $624.13 on Friday. Ubiquiti Inc. has a 12-month low of $368.42 and a 12-month high of $1,099.99. The firm has a market capitalization of $37.77 billion, a PE ratio of 40.11 and a beta of 1.46. The firm has a 50 day moving average of $862.64 and a two-hundred day moving average of $702.96.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti’s revenue was up 18.7% on a year-over-year basis. As a group, analysts predict that Ubiquiti Inc. will post 14.04 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a yield of 0.5%. Ubiquiti’s dividend payout ratio (DPR) is currently 20.57%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. BWS Financial reaffirmed a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a research report on Monday, May 11th. Weiss Ratings raised shares of Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Barclays increased their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $750.67.

About Ubiquiti

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.