Ubiquiti Inc. (NYSE:UI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in shares of Ubiquiti Inc. (NYSE:UI - Free Report) by 100.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,199 shares of the company's stock after acquiring an additional 49,616 shares during the quarter. AQR Capital Management LLC owned 0.16% of Ubiquiti worth $32,927,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UI. Arrowstreet Capital Limited Partnership boosted its stake in Ubiquiti by 926.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company's stock worth $37,609,000 after purchasing an additional 102,268 shares during the period. Norges Bank bought a new position in shares of Ubiquiti during the fourth quarter worth approximately $16,166,000. Proficio Capital Partners LLC bought a new position in shares of Ubiquiti in the 4th quarter valued at $15,425,000. Pacer Advisors Inc. boosted its position in Ubiquiti by 95.0% during the fourth quarter. Pacer Advisors Inc. now owns 61,825 shares of the company's stock valued at $20,522,000 after acquiring an additional 30,118 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Ubiquiti in the 4th quarter worth about $9,274,000. 4.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BWS Financial restated a "buy" rating and issued a $440.00 price objective on shares of Ubiquiti in a research report on Friday, April 4th. Barclays dropped their price objective on Ubiquiti from $236.00 to $222.00 and set an "underweight" rating for the company in a research note on Monday, February 10th.

Ubiquiti Price Performance

Shares of UI traded up $1.46 during trading hours on Thursday, reaching $353.14. 24,764 shares of the stock traded hands, compared to its average volume of 80,322. The company has a current ratio of 2.22, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. Ubiquiti Inc. has a 52-week low of $112.30 and a 52-week high of $469.98. The company's 50-day moving average price is $312.78 and its two-hundred day moving average price is $333.26. The company has a market cap of $21.36 billion, a P/E ratio of 48.08 and a beta of 1.32.

Ubiquiti (NYSE:UI - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business posted $1.36 EPS. On average, analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti's dividend payout ratio is currently 32.61%.

Insiders Place Their Bets

In other news, CAO Kevin Radigan sold 1,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the sale, the chief accounting officer now owns 2,484 shares in the company, valued at approximately $864,407.16. The trade was a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 93.10% of the company's stock.

Ubiquiti Company 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.