Balyasny Asset Management L.P. Sells 11,098 Shares of Ubiquiti Inc. (NYSE:UI)

Balyasny Asset Management L.P. decreased its position in Ubiquiti Inc. (NYSE:UI - Free Report) by 90.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,224 shares of the company's stock after selling 11,098 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Ubiquiti were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Ubiquiti by 47.0% in the fourth quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its stake 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 last quarter. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 63 shares in the last quarter. Financial Perspectives Inc increased its position in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after acquiring an additional 102 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Ubiquiti by 30.2% in 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 last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Stock Performance

UI stock traded up $2.12 during trading hours on Thursday, reaching $395.68. The stock had a trading volume of 5,127 shares, compared to its average volume of 81,871. The stock has a 50-day simple moving average of $332.89 and a 200 day simple moving average of $344.09. Ubiquiti Inc. has a fifty-two week low of $139.06 and a fifty-two week high of $469.98. The stock has a market capitalization of $23.94 billion, a PE ratio of 53.81 and a beta of 1.32. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be paid a $0.60 dividend. The ex-dividend date is Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.61%. Ubiquiti's dividend payout ratio (DPR) is currently 26.43%.

Analyst Ratings Changes

UI has been the subject of a number of analyst reports. BWS Financial restated a "buy" rating and issued a $440.00 price target on shares of Ubiquiti in a research note on Monday, May 12th. Barclays increased their price objective on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday, May 12th.

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.