Range Financial Group LLC Purchases New Holdings in Ubiquiti Inc. $UI

Range Financial Group LLC purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,222 shares of the company’s stock, valued at approximately $1,468,000.

Other institutional investors also recently modified their holdings of the company. HBW Advisory Services LLC bought a new stake in shares of Ubiquiti during the third quarter valued at approximately $215,000. Burns Matteson Capital Management LLC acquired a new stake in Ubiquiti during the third quarter worth $591,000. Highland Capital Management LLC bought a new stake in Ubiquiti in the 3rd quarter valued at $2,156,000. Horst & Graben Wealth Management LLC acquired a new position in shares of Ubiquiti in the 3rd quarter valued at $267,000. Finally, CWM LLC raised its stake in shares of Ubiquiti by 2.2% in the 3rd quarter. CWM LLC now owns 2,759 shares of the company’s stock valued at $1,823,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Insider Activity

In related news, CAO Kevin Radigan sold 350 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the transaction, the chief accounting officer owned 2,768 shares in the company, valued at $1,595,973.44. This represents a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 93.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UI has been the topic of several recent research reports. Weiss Ratings lowered shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 22nd. BWS Financial restated a “buy” rating and set a $720.00 price target on shares of Ubiquiti in a research note on Tuesday, November 11th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Barclays raised their target price on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen lowered Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $591.67.

Ubiquiti Trading Down 0.4%

NYSE UI opened at $568.24 on Tuesday. Ubiquiti Inc. has a 1-year low of $255.00 and a 1-year high of $803.59. The company has a 50 day moving average of $614.03 and a 200-day moving average of $549.93. The firm has a market cap of $34.38 billion, a price-to-earnings ratio of 43.44 and a beta of 1.38.

Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, November 7th. The company reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.98. Ubiquiti had a return on equity of 132.71% and a net margin of 28.72%.The business had revenue of $733.77 million for the quarter, compared to analyst estimates of $702.38 million. On average, analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. Ubiquiti’s dividend payout ratio (DPR) is 24.46%.

Ubiquiti Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi?Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well?known lines—most notably UniFi for managed LAN/Wi?Fi and networked video, AmpliFi for consumer Wi?Fi, and product families targeting service?provider and point?to?point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud?enabled control as core features of its platform approach.