Hussman Strategic Advisors Inc. acquired a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,600 shares of the company's stock, valued at approximately $3,908,000. Ubiquiti comprises about 0.9% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its 11th largest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of UI. Renaissance Technologies LLC boosted its holdings in shares of Ubiquiti by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 199,964 shares of the company's stock valued at $66,374,000 after acquiring an additional 2,400 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ubiquiti by 926.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock worth $37,609,000 after acquiring an additional 102,268 shares during the last quarter. AQR Capital Management LLC raised its position in Ubiquiti by 100.1% during the fourth quarter. AQR Capital Management LLC now owns 99,199 shares of the company's stock worth $32,927,000 after acquiring an additional 49,616 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ubiquiti by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 94,505 shares of the company's stock valued at $31,369,000 after buying an additional 2,294 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Ubiquiti by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 63,840 shares of the company's stock valued at $21,197,000 after buying an additional 765 shares during the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on UI shares. Barclays boosted their price objective on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday, May 12th. BWS Financial restated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a report on Friday, July 11th.
Check Out Our Latest Stock Analysis on UI
Ubiquiti Stock Down 0.2%
Shares of UI stock traded down $0.93 during mid-day trading on Friday, reaching $446.01. The company's stock had a trading volume of 9,383 shares, compared to its average volume of 87,981. The company's 50 day simple moving average is $405.47 and its 200-day simple moving average is $362.82. Ubiquiti Inc. has a 12-month low of $156.94 and a 12-month high of $469.98. The firm has a market capitalization of $26.98 billion, a PE ratio of 49.18 and a beta of 1.34.
Ubiquiti Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were issued a $0.60 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.40 annualized dividend and a yield of 0.54%. Ubiquiti's dividend payout ratio is presently 26.43%.
Ubiquiti Company Profile
(
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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