AMH Equity Ltd Increases Stock Holdings in Universal Electronics Inc. (NASDAQ:UEIC)

AMH Equity Ltd boosted its position in Universal Electronics Inc. (NASDAQ:UEIC - Free Report) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 400,000 shares of the technology company's stock after purchasing an additional 104,000 shares during the quarter. Universal Electronics comprises approximately 3.4% of AMH Equity Ltd's investment portfolio, making the stock its 8th largest position. AMH Equity Ltd owned about 3.09% of Universal Electronics worth $3,756,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UEIC. First Eagle Investment Management LLC acquired a new stake in shares of Universal Electronics in the 3rd quarter worth $1,400,000. Assenagon Asset Management S.A. increased its stake in shares of Universal Electronics by 188.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 168,140 shares of the technology company's stock worth $1,522,000 after acquiring an additional 109,775 shares during the last quarter. Barclays PLC increased its stake in shares of Universal Electronics by 58.2% in the 3rd quarter. Barclays PLC now owns 25,988 shares of the technology company's stock worth $235,000 after acquiring an additional 9,557 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Universal Electronics by 129.3% in the 3rd quarter. Quadrature Capital Ltd now owns 39,149 shares of the technology company's stock worth $354,000 after acquiring an additional 22,075 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Universal Electronics in the 3rd quarter worth $1,486,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UEIC has been the subject of a number of recent research reports. B. Riley raised their target price on Universal Electronics from $9.00 to $10.50 and gave the stock a "neutral" rating in a research note on Friday, February 16th. StockNews.com raised Universal Electronics from a "hold" rating to a "buy" rating in a research note on Friday, March 15th.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC traded up $0.52 during mid-day trading on Friday, reaching $10.23. 36,124 shares of the company's stock were exchanged, compared to its average volume of 32,975. The firm has a market capitalization of $132.66 million, a price-to-earnings ratio of -1.33 and a beta of 1.14. Universal Electronics Inc. has a 52-week low of $7.02 and a 52-week high of $11.84. The company's 50-day moving average is $9.50 and its 200-day moving average is $8.79.

Universal Electronics (NASDAQ:UEIC - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The technology company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.28). The business had revenue of $97.59 million for the quarter, compared to analysts' expectations of $97.52 million. Universal Electronics had a negative return on equity of 25.49% and a negative net margin of 23.36%. As a group, equities analysts predict that Universal Electronics Inc. will post -0.31 earnings per share for the current fiscal year.

Universal Electronics Profile

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.