Ancora Advisors LLC Invests $1.70 Million in Universal Electronics Inc. (NASDAQ:UEIC)

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

Several other hedge funds have also made changes to their positions in the company. 683 Capital Management LLC bought a new position in Universal Electronics during the 4th quarter worth about $326,000. Jane Street Group LLC increased its holdings in Universal Electronics by 89.5% during the fourth quarter. Jane Street Group LLC now owns 33,497 shares of the technology company's stock valued at $368,000 after buying an additional 15,819 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Universal Electronics in the fourth quarter worth approximately $139,000. Dimensional Fund Advisors LP lifted its holdings in Universal Electronics by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company's stock worth $4,987,000 after buying an additional 50,003 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in shares of Universal Electronics by 8.7% in the 4th quarter. Kennedy Capital Management LLC now owns 32,593 shares of the technology company's stock valued at $359,000 after acquiring an additional 2,606 shares during the period. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Price Performance

NASDAQ UEIC traded up $0.30 during trading on Wednesday, hitting $5.84. The company's stock had a trading volume of 98,636 shares, compared to its average volume of 74,780. Universal Electronics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $14.20. The company has a market cap of $76.77 million, a PE ratio of -3.16, a P/E/G ratio of 3.62 and a beta of 1.44. The business's 50 day simple moving average is $5.82 and its 200-day simple moving average is $8.69.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released 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). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The company had revenue of $110.45 million for the quarter, compared to analysts' expectations of $102.47 million. Analysts expect that Universal Electronics Inc. will post 0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on UEIC. 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. StockNews.com downgraded shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st.

About Universal Electronics

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.