Caxton Associates LP acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,744 shares of the company's stock, valued at approximately $911,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC grew its holdings in Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company's stock worth $2,959,000 after acquiring an additional 13,079 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ubiquiti by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company's stock valued at $6,610,000 after buying an additional 5,045 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Ubiquiti by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company's stock valued at $127,000 after buying an additional 41 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Ubiquiti in the fourth quarter valued at approximately $273,000. Finally, Oxinas Partners Wealth Management LLC bought a new stake in shares of Ubiquiti during the 4th quarter worth about $699,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.
Ubiquiti Stock Up 3.6%
UI traded up $14.70 during midday trading on Monday, reaching $428.22. The company's stock had a trading volume of 68,360 shares, compared to its average volume of 100,272. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. The stock's 50-day moving average is $315.01 and its 200-day moving average is $336.19. Ubiquiti Inc. has a 1 year low of $128.07 and a 1 year high of $469.98. The firm has a market capitalization of $25.90 billion, a price-to-earnings ratio of 58.18 and a beta of 1.32.
Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping 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 in the previous year, the firm posted $1.36 EPS. As a group, research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.
Insider Activity
In other Ubiquiti news, CAO Kevin Radigan sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. This represents a 28.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 93.10% of the company's stock.
Analyst Ratings Changes
UI has been the topic of a number of analyst reports. BWS Financial reiterated a "buy" rating and set a $440.00 price objective on shares of Ubiquiti in a research note on Monday. Barclays decreased their target price on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research report on Monday, February 10th.
View Our Latest Research Report on Ubiquiti
About Ubiquiti
(
Free Report)
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.
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