Ubiquiti Inc. (NYSE:UI) Stock Position Cut by Lagoda Investment Management L.P.

Lagoda Investment Management L.P. decreased its holdings in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 17.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,365 shares of the company's stock after selling 4,552 shares during the quarter. Ubiquiti comprises approximately 3.8% of Lagoda Investment Management L.P.'s portfolio, making the stock its 9th biggest holding. Lagoda Investment Management L.P.'s holdings in Ubiquiti were worth $7,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in 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 holdings in shares of Ubiquiti by 71.1% in the fourth quarter. Venturi Wealth Management LLC now owns 130 shares of the company's stock worth $43,000 after purchasing an additional 54 shares during the period. Blue Trust Inc. increased its holdings in shares of Ubiquiti by 78.8% in the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after purchasing an additional 63 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Ubiquiti by 30.2% in the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after purchasing an additional 39 shares during the period. Finally, Financial Perspectives Inc increased its holdings in shares of Ubiquiti by 152.2% in the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after purchasing an additional 102 shares during the period. Institutional investors own 4.00% of the company's stock.

Analysts Set New Price Targets

UI has been the topic of several research analyst reports. Barclays upped their price target on shares of Ubiquiti from $222.00 to $247.00 and gave the stock an "underweight" rating in a report on Monday, May 12th. BWS Financial reiterated a "buy" rating and issued a $440.00 target price on shares of Ubiquiti in a research report on Monday, May 12th.

Ubiquiti Trading Up 3.5%

NYSE UI traded up $14.68 during trading on Friday, hitting $435.45. 87,114 shares of the company's stock traded hands, compared to its average volume of 81,933. The stock has a fifty day moving average of $326.96 and a two-hundred day moving average of $341.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. Ubiquiti Inc. has a 12-month low of $139.06 and a 12-month high of $469.98. The firm has a market cap of $26.34 billion, a P/E ratio of 59.16 and a beta of 1.32.

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

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders 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 yield of 0.55%. 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.