LifeWealth Investments LLC Makes New $222,000 Investment in Ubiquiti Inc. $UI

Key Points

• LifeWealth Investments LLC made a new investment of approximately $222,000 in Ubiquiti Inc., acquiring 540 shares in the second quarter.
• Analysts have mixed ratings on Ubiquiti, with one Buy, one Hold, and one Sell rating, and a consensus target price of $539.67.
• Ubiquiti recently reported earnings of $3.54 EPS, significantly above analysts' expectations, and increased their quarterly dividend from $0.60 to $0.80.

LifeWealth Investments LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 540 shares of the company's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UI. Golden State Wealth Management LLC purchased a new position in shares of Ubiquiti during the 1st quarter worth approximately $25,000. Brooklyn Investment Group grew its holdings in shares of Ubiquiti by 78.8% during the 1st quarter. Brooklyn Investment Group now owns 93 shares of the company's stock worth $29,000 after acquiring an additional 41 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of Ubiquiti by 1,075.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company's stock worth $39,000 after acquiring an additional 86 shares during the period. Main Street Group LTD purchased a new position in shares of Ubiquiti during the 2nd quarter worth approximately $41,000. Finally, Iron Horse Wealth Management LLC purchased a new position in shares of Ubiquiti during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 4.00% of the company's stock.

Analyst Upgrades and Downgrades

UI has been the topic of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Ubiquiti in a research report on Wednesday, October 8th. Barclays boosted their price target on Ubiquiti from $247.00 to $299.00 and gave the stock an "underweight" rating in a research report on Friday, August 22nd. BWS Financial boosted their price target on Ubiquiti from $600.00 to $720.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Finally, UBS Group set a $600.00 price target on Ubiquiti in a research report on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $539.67.

Ubiquiti Trading Up 3.5%

UI stock opened at $715.63 on Friday. The stock has a market capitalization of $43.29 billion, a PE ratio of 60.80 and a beta of 1.44. Ubiquiti Inc. has a 12-month low of $245.00 and a 12-month high of $773.95. The stock's 50 day simple moving average is $609.22 and its 200 day simple moving average is $466.26.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings data on Friday, August 22nd. The company reported $3.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $1.31. The business had revenue of $759.15 million for the quarter, compared to analysts' expectations of $618.80 million. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%.During the same period in the prior year, the firm posted $1.74 EPS. On average, research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were given a $0.80 dividend. This is a boost from Ubiquiti's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.20 annualized dividend and a yield of 0.4%. Ubiquiti's payout ratio is currently 27.19%.

Ubiquiti Profile

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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