Universal Electronics Inc. (NASDAQ:UEIC) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in Universal Electronics Inc. (NASDAQ:UEIC) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,570 shares of the technology company’s stock after purchasing an additional 16,591 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.63% of Universal Electronics worth $908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock valued at $202,000 after purchasing an additional 5,512 shares during the period. JPMorgan Chase & Co. raised its position in Universal Electronics by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company’s stock valued at $165,000 after purchasing an additional 4,591 shares during the period. Jane Street Group LLC purchased a new stake in Universal Electronics in the third quarter valued at approximately $163,000. SBI Securities Co. Ltd. purchased a new stake in Universal Electronics in the fourth quarter valued at approximately $33,000. Finally, Empowered Funds LLC increased its position in shares of Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,144 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UEIC. StockNews.com lowered Universal Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price objective on shares of Universal Electronics in a research report on Friday, February 21st.

Universal Electronics Price Performance

Universal Electronics stock opened at $6.44 on Friday. The stock’s fifty day moving average is $8.91 and its two-hundred day moving average is $9.49. The stock has a market cap of $84.44 million, a PE ratio of -3.48, a P/E/G ratio of 3.62 and a beta of 1.21. Universal Electronics Inc. has a 1-year low of $6.28 and a 1-year high of $14.20.

Universal Electronics (NASDAQ:UEIC) last posted its earnings results on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.47 million. Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. On average, research analysts expect that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Universal Electronics Profile

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.