Corient Private Wealth LP Purchases New Holdings in Ubiquiti Inc. $UI

Key Points

• Corient Private Wealth purchased 5,872 Ubiquiti shares in the second quarter, valued at approximately $3.17 million. Institutional investors currently own 4% of the company.
• Ubiquiti exceeded quarterly expectations, reporting $4.73 in EPS and $937.32 million in revenue, while its quarterly dividend increased from $0.80 to $1.00 per share.
• Shares opened at $586.09, down 0.7%, amid mixed analyst views. The stock has a consensus “Hold” rating and an average price target of $734.50.

Corient Private Wealth LP acquired a new position in Ubiquiti Inc. (NYSE:UI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,872 shares of the company's stock, valued at approximately $3,165,000.

A number of other hedge funds have also recently bought and sold shares of UI. Vision Retirement LLC bought a new stake in shares of Ubiquiti during the first quarter worth $25,000. Quarry LP acquired a new stake in Ubiquiti in the third quarter worth about $34,000. Compass Financial Management LLC acquired a new stake in Ubiquiti in the second quarter worth about $35,000. CIBC Private Wealth Group LLC raised its holdings in Ubiquiti by 238.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company's stock worth $39,000 after purchasing an additional 50 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC raised its holdings in Ubiquiti by 50.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 75 shares of the company's stock worth $42,000 after purchasing an additional 25 shares during the last quarter. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Trading Down 0.7%

Shares of UI opened at $586.09 on Wednesday. Ubiquiti Inc. has a 1 year low of $505.73 and a 1 year high of $1,099.99. The stock has a market cap of $35.48 billion, a P/E ratio of 36.98 and a beta of 1.31. The stock's 50-day moving average price is $554.02 and its two-hundred day moving average price is $688.28.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, August 21st. The company reported $4.73 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.70. The company had revenue of $937.32 million during the quarter, compared to analysts' expectations of $850.50 million. Ubiquiti had a return on equity of 85.57% and a net margin of 29.33%.During the same period in the prior year, the business posted $4.41 EPS. As a group, equities analysts forecast that Ubiquiti Inc. will post 15.53 EPS for the current year.

Ubiquiti Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be issued a dividend of $1.00 per share. This is an increase from Ubiquiti's previous quarterly dividend of $0.80. This represents a $4.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Ubiquiti's dividend payout ratio is presently 25.24%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research lowered shares of Ubiquiti from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Barclays dropped their price target on shares of Ubiquiti from $672.00 to $489.00 and set an "underweight" rating for the company in a research note on Monday, August 24th. Weiss Ratings cut shares of Ubiquiti from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Finally, BWS Financial reaffirmed a "buy" rating and issued a $980.00 price objective on shares of Ubiquiti in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $734.50.

Ubiquiti Company Profile

Ubiquiti Inc NYSE: UI is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti's offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.

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