Invictus RG Invests $236,000 in Universal Electronics Inc (UEIC)

Invictus RG acquired a new position in shares of Universal Electronics Inc (NASDAQ:UEIC) during the first quarter, Holdings Channel reports. The firm acquired 3,452 shares of the technology company’s stock, valued at approximately $236,000.

Several other hedge funds have also recently bought and sold shares of UEIC. Thomson Horstmann & Bryant Inc. raised its stake in Universal Electronics by 13.2% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 116,684 shares of the technology company’s stock worth $7,992,000 after buying an additional 13,625 shares in the last quarter. Bank of Montreal Can raised its stake in Universal Electronics by 7,843.9% in the first quarter. Bank of Montreal Can now owns 28,439 shares of the technology company’s stock worth $1,949,000 after buying an additional 28,081 shares in the last quarter. Teachers Advisors LLC raised its stake in Universal Electronics by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 23,905 shares of the technology company’s stock worth $1,543,000 after buying an additional 869 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Universal Electronics by 5.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,790 shares of the technology company’s stock worth $503,000 after buying an additional 370 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Universal Electronics by 20.4% in the fourth quarter. AQR Capital Management LLC now owns 8,463 shares of the technology company’s stock worth $546,000 after buying an additional 1,433 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

Shares of Universal Electronics Inc (UEIC) traded down 1.41% during mid-day trading on Tuesday, hitting $66.25. 15,077 shares of the company were exchanged. Universal Electronics Inc has a 12-month low of $52.90 and a 12-month high of $80.42. The stock has a market cap of $956.12 million, a PE ratio of 55.21 and a beta of 1.60. The stock’s 50-day moving average price is $65.34 and its 200 day moving average price is $66.15.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Universal Electronics had a return on equity of 0.17% and a net margin of 0.07%. The company had revenue of $162.30 million during the quarter, compared to analyst estimates of $158.77 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Universal Electronics Inc will post $3.35 EPS for the current fiscal year.

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UEIC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, February 21st. B. Riley restated a “buy” rating and issued a $77.25 price target on shares of Universal Electronics in a research note on Friday, May 5th. Lake Street Capital lowered shares of Universal Electronics from a “buy” rating to a “hold” rating and set a $71.00 price target for the company. in a research note on Friday, May 5th. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 price target on shares of Universal Electronics in a research note on Friday, May 5th. Finally, TheStreet upgraded shares of Universal Electronics from a “c+” rating to a “b-” rating in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Universal Electronics currently has an average rating of “Buy” and a consensus price target of $76.45.

In other news, Director Edward K. Zinser sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $70.00, for a total transaction of $700,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $1,400,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.82% of the stock is owned by insiders.

Universal Electronics Company Profile

Universal Electronics Inc (UEI) develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers, original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:UEIC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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