Aquatic Capital Management LLC Sells 2,242 Shares of Ubiquiti Inc. (NYSE:UI)

Aquatic Capital Management LLC reduced its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 458 shares of the company's stock after selling 2,242 shares during the period. Aquatic Capital Management LLC's holdings in Ubiquiti were worth $152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in Ubiquiti by 47.0% during the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock worth $40,000 after purchasing an additional 39 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after buying an additional 54 shares during the period. Blue Trust Inc. boosted its stake in Ubiquiti by 78.8% in the 4th quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after buying an additional 63 shares in the last quarter. Financial Perspectives Inc boosted its stake in Ubiquiti by 152.2% in the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after buying an additional 102 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after acquiring an additional 39 shares during the period. 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 firm's stock in a transaction dated 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 of the company's stock, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 93.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BWS Financial restated a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Friday, April 4th. Barclays reduced their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating on the stock in a report on Monday, February 10th.

Ubiquiti Price Performance

Shares of Ubiquiti stock traded up $56.77 during trading on Friday, reaching $410.01. The company's stock had a trading volume of 292,159 shares, compared to its average volume of 81,453. The stock has a 50-day moving average price of $315.01 and a two-hundred day moving average price of $335.60. The stock has a market capitalization of $24.80 billion, a P/E ratio of 55.71 and a beta of 1.32. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a one year low of $128.07 and a one year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $1.36 earnings per share. As a group, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

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.