Militia Capital Management LLC Invests $1.58 Million in Ubiquiti Inc. $UI

Militia Capital Management LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) during the 1st quarter, Holdings Channel.com reports. The firm acquired 2,000 shares of the company’s stock, valued at approximately $1,581,000.

Other large investors have also made changes to their positions in the company. Corient Private Wealth LLC raised its stake in Ubiquiti by 73,940.4% in the 4th quarter. Corient Private Wealth LLC now owns 1,113,568 shares of the company’s stock valued at $616,193,000 after purchasing an additional 1,112,064 shares during the last quarter. M&T Bank Corp lifted its holdings in Ubiquiti by 7,845.7% in the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock valued at $54,520,000 after purchasing an additional 97,287 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ubiquiti by 47.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 163,960 shares of the company’s stock worth $108,309,000 after purchasing an additional 52,744 shares during the last quarter. Norges Bank acquired a new stake in shares of Ubiquiti during the 4th quarter worth about $28,527,000. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Ubiquiti by 380.4% during the second quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock worth $21,882,000 after buying an additional 42,092 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Price Performance

Shares of UI stock opened at $539.46 on Thursday. The firm’s 50-day simple moving average is $566.64 and its 200-day simple moving average is $690.58. Ubiquiti Inc. has a 1-year low of $380.00 and a 1-year high of $1,099.99. The firm has a market cap of $32.65 billion, a P/E ratio of 34.67 and a beta of 1.31.

Ubiquiti (NYSE:UI) last released its 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 net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million during the quarter, compared to analysts’ expectations of $814.30 million. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. Analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 annualized dividend and a dividend yield of 0.6%. Ubiquiti’s payout ratio is currently 20.57%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UI. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Weiss Ratings downgraded Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. BWS Financial reissued a “buy” rating and set a $980.00 price target on shares of Ubiquiti in a research note on Wednesday, July 8th. Barclays increased their price target on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.