Headlands Technologies LLC Buys Shares of 299 Ubiquiti Inc. (NYSE:UI)

Headlands Technologies LLC bought a new stake in Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 299 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds have also modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in shares of Ubiquiti by 9.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,564 shares of the company’s stock worth $227,000 after purchasing an additional 131 shares during the period. Signaturefd LLC grew its holdings in shares of Ubiquiti by 201.5% during the 3rd quarter. Signaturefd LLC now owns 202 shares of the company’s stock worth $29,000 after purchasing an additional 135 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Ubiquiti by 14.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,469 shares of the company’s stock worth $213,000 after purchasing an additional 183 shares during the period. Quent Capital LLC grew its holdings in shares of Ubiquiti by 66.6% during the 4th quarter. Quent Capital LLC now owns 508 shares of the company’s stock worth $71,000 after purchasing an additional 203 shares during the period. Finally, Altfest L J & Co. Inc. grew its holdings in shares of Ubiquiti by 11.6% during the 4th quarter. Altfest L J & Co. Inc. now owns 2,527 shares of the company’s stock worth $353,000 after purchasing an additional 263 shares during the period. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Price Performance

Shares of Ubiquiti stock opened at $109.87 on Thursday. The business has a 50-day moving average of $112.40 and a 200 day moving average of $120.03. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $235.93. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 17.84 and a beta of 1.22.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.57). The company had revenue of $464.95 million during the quarter, compared to analyst estimates of $488.56 million. Ubiquiti had a net margin of 19.83% and a negative return on equity of 392.74%. Equities research analysts anticipate that Ubiquiti Inc. will post 6.5 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, February 16th. Ubiquiti’s dividend payout ratio is currently 38.96%.

Analyst Upgrades and Downgrades

UI has been the subject of a number of research analyst reports. StockNews.com upgraded Ubiquiti from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Barclays lowered their target price on Ubiquiti from $105.00 to $93.00 and set an “underweight” rating for the company in a report on Monday, February 12th. Finally, BWS Financial restated a “buy” rating and set a $160.00 target price on shares of Ubiquiti in a report on Monday, April 8th.

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.