First Eagle Investment Management LLC Purchases 3,500 Shares of Universal Electronics Inc. (NASDAQ:UEIC)

First Eagle Investment Management LLC lifted its position in Universal Electronics Inc. (NASDAQ:UEIC) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,936 shares of the technology company’s stock after purchasing an additional 3,500 shares during the quarter. First Eagle Investment Management LLC owned about 1.26% of Universal Electronics worth $1,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Peapod Lane Capital LLC purchased a new stake in shares of Universal Electronics in the 4th quarter valued at about $1,215,000. Jane Street Group LLC purchased a new position in shares of Universal Electronics during the third quarter worth about $163,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Universal Electronics by 25.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,570 shares of the technology company’s stock worth $908,000 after purchasing an additional 16,591 shares during the last quarter. Barclays PLC raised its stake in Universal Electronics by 33.5% in the third quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock valued at $202,000 after purchasing an additional 5,512 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Universal Electronics by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 17,823 shares of the technology company’s stock valued at $165,000 after purchasing an additional 4,591 shares during the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Universal Electronics Stock Performance

Shares of Universal Electronics stock opened at $6.90 on Monday. Universal Electronics Inc. has a 52-week low of $6.73 and a 52-week high of $14.20. The company has a fifty day moving average of $9.25 and a 200-day moving average of $9.59. The stock has a market capitalization of $89.89 million, a price-to-earnings ratio of -3.73, a price-to-earnings-growth ratio of 3.62 and a beta of 1.22.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative net margin of 6.09% and a negative return on equity of 3.67%. The company had revenue of $110.45 million for the quarter, compared to the consensus estimate of $102.47 million. On average, equities research analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Universal Electronics in a research note on Friday, February 21st.

Universal Electronics Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.