Ramzi Ammari Sells 4,916 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Key Points

• Ramzi Ammari, a VP at Universal Electronics, sold 4,916 shares on March 16 at an average price of $4.16 (about $20,450), reducing his stake by 11.55% to 37,648 shares; he also sold 938 shares on Feb 13.
• UEIC traded at $4.32 (up $0.09) with volume of 131,945 versus an average of 70,101, a market cap of $55.56M and a 52‑week range of $2.69–$7.50.
• Institutional ownership is high at 79.35% with several funds increasing positions, while analysts' consensus is "Reduce" with a $5.75 price target and Weiss Ratings maintains a "sell (e+)" rating.

Universal Electronics Inc. (NASDAQ:UEIC - Get Free Report) VP Ramzi Ammari sold 4,916 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.16, for a total value of $20,450.56. Following the sale, the vice president directly owned 37,648 shares of the company's stock, valued at $156,615.68. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ramzi Ammari also recently made the following trade(s):

• On Friday, February 13th, Ramzi Ammari sold 938 shares of Universal Electronics stock. The shares were sold at an average price of $4.10, for a total value of $3,845.80.

Universal Electronics Stock Performance

Shares of Universal Electronics stock traded up $0.09 on Wednesday, reaching $4.32. 131,945 shares of the company's stock were exchanged, compared to its average volume of 70,101. The company has a market capitalization of $55.56 million, a P/E ratio of -3.09 and a beta of 1.38. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $7.50. The firm's 50-day moving average is $3.93 and its two-hundred day moving average is $3.91.

Institutional Investors Weigh In On Universal Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. increased its holdings in Universal Electronics by 377.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 232,589 shares of the technology company's stock worth $1,084,000 after purchasing an additional 183,836 shares in the last quarter. Peapod Lane Capital LLC grew its holdings in Universal Electronics by 130.9% during the third quarter. Peapod Lane Capital LLC now owns 291,164 shares of the technology company's stock worth $1,357,000 after buying an additional 165,079 shares in the last quarter. AMH Equity Ltd raised its position in Universal Electronics by 10.9% in the 3rd quarter. AMH Equity Ltd now owns 800,000 shares of the technology company's stock valued at $3,728,000 after buying an additional 78,727 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Universal Electronics in the 2nd quarter valued at $82,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Universal Electronics by 13.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,272 shares of the technology company's stock worth $185,000 after acquiring an additional 5,932 shares during the last quarter. 79.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Universal Electronics in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $5.75.

Universal Electronics Company Profile

Universal Electronics Inc NASDAQ: UEIC is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.

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