Logan Capital Management Inc. Reduces Stock Position in Ubiquiti Inc. (NYSE:UI)

Logan Capital Management Inc. trimmed its position in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,545 shares of the company's stock after selling 4,148 shares during the quarter. Logan Capital Management Inc. owned 0.05% of Ubiquiti worth $10,139,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted 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 worth $40,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of 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 during the period. Blue Trust Inc. boosted its holdings in Ubiquiti by 78.8% during the fourth quarter. Blue Trust Inc. now owns 143 shares of the company's stock worth $47,000 after buying an additional 63 shares in the last quarter. Financial Perspectives Inc grew its position in Ubiquiti by 152.2% during the fourth quarter. Financial Perspectives Inc now owns 169 shares of the company's stock worth $56,000 after buying an additional 102 shares during the period. Finally, Sterling Capital Management LLC grew its position in Ubiquiti by 30.2% during the fourth quarter. Sterling Capital Management LLC now owns 168 shares of the company's stock worth $56,000 after buying an additional 39 shares during the period. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

Shares of Ubiquiti stock traded down $32.51 on Wednesday, hitting $424.18. The company's stock had a trading volume of 189,246 shares, compared to its average volume of 81,912. The company has a market capitalization of $25.66 billion, a P/E ratio of 57.63 and a beta of 1.32. Ubiquiti Inc. has a 52-week low of $134.72 and a 52-week high of $469.98. The firm has a fifty day moving average price of $321.95 and a 200-day moving average price of $338.84. The company has a quick ratio of 0.98, a current ratio of 2.22 and a debt-to-equity ratio of 1.31.

Ubiquiti (NYSE:UI - Get Free Report) last announced its earnings results on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $1.36 earnings per share. On average, equities research analysts expect that Ubiquiti Inc. will post 7.21 earnings per share 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, May 19th. Ubiquiti's payout ratio is currently 26.43%.

Analyst Ratings Changes

UI has been the subject of a number of research reports. Barclays lifted their price target on shares of Ubiquiti from $222.00 to $247.00 and gave the company an "underweight" rating in a research report on Monday. BWS Financial reaffirmed a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Monday.

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.