Universal Electronics Inc. (NASDAQ:UEIC) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its position in shares of Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 43.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,626 shares of the technology company's stock after selling 45,043 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.44% of Universal Electronics worth $634,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Universal Electronics by 12.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 453,403 shares of the technology company's stock valued at $4,987,000 after purchasing an additional 50,003 shares during the period. American Century Companies Inc. raised its stake in shares of Universal Electronics by 4.9% during the fourth quarter. American Century Companies Inc. now owns 223,627 shares of the technology company's stock valued at $2,460,000 after purchasing an additional 10,529 shares during the period. First Eagle Investment Management LLC boosted its holdings in Universal Electronics by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company's stock valued at $1,803,000 after purchasing an additional 3,500 shares during the last quarter. Ancora Advisors LLC purchased a new position in Universal Electronics in the fourth quarter valued at about $1,703,000. Finally, Russell Investments Group Ltd. boosted its holdings in Universal Electronics by 109.6% in the fourth quarter. Russell Investments Group Ltd. now owns 129,922 shares of the technology company's stock valued at $1,429,000 after purchasing an additional 67,939 shares during the last quarter. Hedge funds and other institutional investors own 79.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 price target on shares of Universal Electronics in a report on Friday, February 21st. Wall Street Zen downgraded shares of Universal Electronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 1st.

Universal Electronics Stock Performance

Shares of UEIC stock traded down $0.37 during mid-day trading on Friday, reaching $6.55. 35,950 shares of the company were exchanged, compared to its average volume of 75,825. Universal Electronics Inc. has a fifty-two week low of $4.32 and a fifty-two week high of $12.64. The company has a market capitalization of $86.26 million, a P/E ratio of -3.54, a P/E/G ratio of 3.62 and a beta of 1.44. The business's 50 day simple moving average is $5.76 and its 200 day simple moving average is $8.57.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The company had revenue of $110.45 million for the quarter, compared to analyst estimates of $102.47 million. On average, analysts forecast that Universal Electronics Inc. will post 0.17 EPS for the current year.

Insider Transactions at Universal Electronics

In other Universal Electronics news, Director Eric Singer acquired 6,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was purchased at an average price of $7.08 per share, with a total value of $42,480.00. Following the completion of the acquisition, the director now directly owns 36,403 shares in the company, valued at $257,733.24. This trade represents a 19.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 37,000 shares of company stock valued at $251,470. 9.37% of the stock is currently owned by corporate insiders.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.