Quantbot Technologies LP Buys 1,234 Shares of Ubiquiti Inc. $UI

Key Points

• Quantbot Technologies LP increased its stake in Ubiquiti Inc. by 43.9% in the first quarter, owning 4,043 shares valued at approximately $1.25 million.
• Ubiquiti reported a quarterly earnings per share (EPS) of $3.54, significantly exceeding analysts' expectations of $2.23, with revenues of $759.15 million.
• The company has declared a quarterly dividend of $0.80 per share, up from its previous $0.60, reflecting a strong financial position.

Quantbot Technologies LP increased its stake in Ubiquiti Inc. (NYSE:UI - Free Report) by 43.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,043 shares of the company's stock after purchasing an additional 1,234 shares during the period. Quantbot Technologies LP's holdings in Ubiquiti were worth $1,254,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Ubiquiti in the first quarter worth $25,000. Brooklyn Investment Group boosted its stake in Ubiquiti by 78.8% in the first quarter. Brooklyn Investment Group now owns 93 shares of the company's stock valued at $29,000 after buying an additional 41 shares in the last quarter. Versant Capital Management Inc boosted its stake in Ubiquiti by 484.2% in the first quarter. Versant Capital Management Inc now owns 111 shares of the company's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Ubiquiti in the fourth quarter valued at about $74,000. Finally, New Age Alpha Advisors LLC acquired a new stake in Ubiquiti in the first quarter valued at about $92,000. Institutional investors own 4.00% of the company's stock.

Analyst Ratings Changes

UI has been the topic of several research analyst reports. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Friday, July 11th. Barclays raised their price objective on Ubiquiti from $247.00 to $299.00 and gave the company an "underweight" rating in a research note on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $369.50.

Ubiquiti Trading Up 30.2%

Shares of UI stock opened at $508.5990 on Friday. The business's 50-day moving average price is $423.25 and its 200-day moving average price is $373.02. Ubiquiti Inc. has a 12 month low of $165.50 and a 12 month high of $514.00. The firm has a market capitalization of $30.77 billion, a price-to-earnings ratio of 56.01 and a beta of 1.35.

Ubiquiti (NYSE:UI - Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating analysts' consensus estimates of $2.23 by $1.31. Ubiquiti had a return on equity of 217.49% and a net margin of 23.65%.The firm had revenue of $759.15 million for the quarter, compared to analyst estimates of $618.80 million. During the same period last year, the firm posted $1.74 earnings per share. On average, sell-side analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Ubiquiti's previous quarterly dividend of $0.60. Ubiquiti's dividend payout ratio (DPR) is presently 26.43%.

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.

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