Jane Street Group LLC Raises Stake in Ubiquiti Inc. (NYSE:UI)

Jane Street Group LLC raised its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 826.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,198 shares of the company's stock after acquiring an additional 10,881 shares during the quarter. Jane Street Group LLC's holdings in Ubiquiti were worth $4,049,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Ubiquiti by 47.0% during the 4th quarter. Farther Finance Advisors LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 39 shares during the period. Venturi Wealth Management LLC increased its stake in Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock valued at $43,000 after purchasing an additional 54 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock valued at $47,000 after purchasing an additional 63 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock valued at $56,000 after purchasing an additional 39 shares during the period. Finally, Financial Perspectives Inc boosted its position in shares of Ubiquiti by 152.2% during the 4th quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 4.00% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on UI shares. BWS Financial reaffirmed a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday. Barclays boosted their price objective on Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a report on Monday.

Ubiquiti Stock Up 2.2%

Shares of NYSE UI traded up $9.16 during mid-day trading on Friday, reaching $429.93. 18,058 shares of the company's stock traded hands, compared to its average volume of 102,286. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The business has a 50-day simple moving average of $324.29 and a 200 day simple moving average of $339.94. The stock has a market cap of $26.01 billion, a P/E ratio of 58.41 and a beta of 1.32. Ubiquiti Inc. has a 1-year low of $139.06 and a 1-year high of $469.98.

Ubiquiti (NYSE:UI - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.12. Ubiquiti had a return on equity of 296.82% and a net margin of 20.68%. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 19th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.40 annualized dividend and a dividend yield of 0.56%. Ubiquiti's payout ratio is 26.43%.

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.