154,794 Shares in Universal Electronics Inc. (NASDAQ:UEIC) Bought by Ancora Advisors LLC

Ancora Advisors LLC purchased a new position in Universal Electronics Inc. (NASDAQ:UEIC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 154,794 shares of the technology company's stock, valued at approximately $1,703,000. Ancora Advisors LLC owned 1.19% of Universal Electronics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Universal Electronics during the fourth quarter valued at about $33,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Universal Electronics during the 4th quarter valued at about $139,000. Jane Street Group LLC purchased a new position in shares of Universal Electronics during the 3rd quarter valued at about $163,000. JPMorgan Chase & Co. lifted its position in Universal Electronics by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company's stock worth $165,000 after buying an additional 4,591 shares during the last quarter. Finally, Barclays PLC boosted its stake in Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company's stock worth $202,000 after buying an additional 5,512 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company's stock.

Universal Electronics Trading Up 3.3 %

UEIC stock traded up $0.20 during midday trading on Friday, hitting $6.33. The company had a trading volume of 143,946 shares, compared to its average volume of 75,263. Universal Electronics Inc. has a 52 week low of $4.32 and a 52 week high of $13.14. The stock has a market cap of $83.21 million, a price-to-earnings ratio of -3.42, a PEG ratio of 3.62 and a beta of 1.44. The stock's 50 day moving average price is $5.78 and its 200 day moving average price is $8.67.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.11). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The firm had revenue of $92.33 million for the quarter, compared to analysts' expectations of $91.99 million. Analysts predict that Universal Electronics Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UEIC. Rosenblatt Securities restated a "buy" rating and issued a $15.00 price objective on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com downgraded shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 1st.

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.