Brevan Howard Capital Management LP Decreases Stake in Ubiquiti Inc. (NYSE:UI)

Brevan Howard Capital Management LP decreased its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 54.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 816 shares of the company's stock after selling 965 shares during the period. Brevan Howard Capital Management LP's holdings in Ubiquiti were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UI. Farther Finance Advisors LLC boosted its stake in shares of Ubiquiti by 47.0% during 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 during the period. Venturi Wealth Management LLC boosted its stake in shares of Ubiquiti by 71.1% during the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. boosted its stake in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after purchasing an additional 63 shares during the period. Financial Perspectives Inc boosted its stake in shares of Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock valued at $56,000 after purchasing an additional 102 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after acquiring an additional 39 shares during the period. Institutional investors own 4.00% of the company's stock.

Ubiquiti Stock Down 7.1%

Shares of UI stock traded down $32.51 during mid-day trading on Wednesday, hitting $424.18. 189,246 shares of the stock traded hands, compared to its average volume of 81,912. The stock has a market cap of $25.66 billion, a P/E ratio of 57.63 and a beta of 1.32. The stock's fifty day moving average is $319.86 and its two-hundred day moving average is $338.25. Ubiquiti Inc. has a 52-week low of $134.72 and a 52-week high of $469.98. 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 (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $1.36 earnings per share. Equities analysts predict that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.57%. Ubiquiti's dividend payout ratio (DPR) is currently 26.43%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Monday. Barclays upped their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a research note on Monday.

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.