Los Angeles Capital Management LLC Takes Position in Ubiquiti Inc. (NYSE:UI)

Los Angeles Capital Management LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 25,965 shares of the company’s stock, valued at approximately $8,619,000.

Other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its position in Ubiquiti by 4,880.2% in the third quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after buying an additional 13,079 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Ubiquiti in the third quarter valued at approximately $323,000. Convergence Investment Partners LLC acquired a new position in shares of Ubiquiti in the 4th quarter worth approximately $2,180,000. Algert Global LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $838,000. Finally, MML Investors Services LLC acquired a new stake in Ubiquiti during the 3rd quarter valued at $327,000. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BWS Financial reissued a “buy” rating and issued a $440.00 price objective on shares of Ubiquiti in a research note on Monday, February 10th. Barclays cut their price target on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a report on Monday, February 10th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th.

Ubiquiti Stock Up 5.2 %

NYSE:UI opened at $340.30 on Thursday. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 46.24 and a beta of 1.14. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.98 and a current ratio of 2.22. The stock’s fifty day moving average price is $368.46 and its two-hundred day moving average price is $296.33. Ubiquiti Inc. has a 52-week low of $104.24 and a 52-week high of $469.98.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $1.36 earnings per share. On average, analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Ubiquiti’s payout ratio is presently 32.61%.

Insider Activity

In other news, CAO Kevin Radigan sold 1,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares of the company’s stock, valued at $864,407.16. This represents a 28.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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.