Astoria Portfolio Advisors LLC. Decreases Stake in Ubiquiti Inc. (NYSE:UI)

Astoria Portfolio Advisors LLC. lowered its position in shares of Ubiquiti Inc. (NYSE:UI) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,300 shares of the company’s stock after selling 1,450 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Ubiquiti were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Huntington National Bank lifted its holdings in Ubiquiti by 267.6% during the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after acquiring an additional 91 shares during the period. Raleigh Capital Management Inc. purchased a new stake in shares of Ubiquiti during the 3rd quarter valued at $47,000. Hanseatic Management Services Inc. bought a new stake in shares of Ubiquiti during the 3rd quarter worth $76,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Ubiquiti in the 3rd quarter worth about $126,000. Finally, Atria Investments Inc purchased a new stake in Ubiquiti during the third quarter worth about $210,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

UI opened at $406.86 on Friday. The firm has a 50-day moving average price of $350.31 and a 200-day moving average price of $254.39. Ubiquiti Inc. has a twelve month low of $104.24 and a twelve month high of $422.92. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 62.98 and a beta of 1.14.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.60 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.59%. Ubiquiti’s dividend payout ratio is 37.15%.

Wall Street Analysts Forecast Growth

UI has been the topic of a number of research analyst reports. BWS Financial boosted their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Company Profile

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.