Commonwealth Equity Services LLC Sells 380 Shares of Ubiquiti Inc. (NYSE:UI)

Commonwealth Equity Services LLC cut its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 23.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,265 shares of the company’s stock after selling 380 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ubiquiti were worth $420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versor Investments LP boosted its holdings in Ubiquiti by 254.5% in the fourth quarter. Versor Investments LP now owns 3,900 shares of the company’s stock valued at $1,295,000 after acquiring an additional 2,800 shares in the last quarter. Barclays PLC lifted its position in shares of Ubiquiti by 4,880.2% in the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock worth $2,959,000 after purchasing an additional 13,079 shares during the period. Convergence Investment Partners LLC bought a new stake in shares of Ubiquiti during the 4th quarter valued at about $2,180,000. MML Investors Services LLC bought a new stake in shares of Ubiquiti during the 3rd quarter valued at about $327,000. Finally, Monument Capital Management purchased a new position in shares of Ubiquiti during the fourth quarter valued at about $354,000. Institutional investors own 4.00% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Kevin Radigan sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 93.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays cut their price objective on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th. BWS Financial restated a “buy” rating and issued a $440.00 target price on shares of Ubiquiti in a research note on Friday.

Ubiquiti Stock Down 5.4 %

NYSE:UI opened at $274.04 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The firm’s 50-day moving average price is $339.36 and its 200-day moving average price is $320.91. The company has a market capitalization of $16.58 billion, a PE ratio of 37.23 and a beta of 1.31. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $469.98.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same quarter in the prior year, the business earned $1.36 earnings per share. On average, equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s payout ratio is 32.61%.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.