Hunting Hill Global Capital LLC Acquires Shares of 893 Ubiquiti Inc. $UI

Hunting Hill Global Capital LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 893 shares of the company’s stock, valued at approximately $494,000.

Several other institutional investors also recently bought and sold shares of UI. Goldman Sachs Group Inc. grew its holdings in Ubiquiti by 33.8% in the first quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $10,494,000 after purchasing an additional 8,551 shares during the period. Woodline Partners LP lifted its position in shares of Ubiquiti by 22.1% in the first quarter. Woodline Partners LP now owns 1,214 shares of the company’s stock valued at $377,000 after acquiring an additional 220 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Ubiquiti by 12.9% in the first quarter. Jane Street Group LLC now owns 13,768 shares of the company’s stock valued at $4,270,000 after acquiring an additional 1,570 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Ubiquiti in the second quarter valued at approximately $312,000. Finally, Legal & General Group Plc lifted its position in shares of Ubiquiti by 23.2% in the second quarter. Legal & General Group Plc now owns 792 shares of the company’s stock valued at $326,000 after acquiring an additional 149 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Stock Up 0.7%

UI stock opened at $562.09 on Thursday. The business has a fifty day moving average of $768.74 and a two-hundred day moving average of $694.57. The stock has a market cap of $34.02 billion, a price-to-earnings ratio of 36.12 and a beta of 1.29. Ubiquiti Inc. has a 52-week low of $368.42 and a 52-week high of $1,099.99.

Ubiquiti (NYSE:UI) last posted its earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.41). The business had revenue of $788.20 million for the quarter, compared to analyst estimates of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.Ubiquiti’s revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ubiquiti Inc. will post 14.82 EPS for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.6%. Ubiquiti’s payout ratio is presently 20.57%.

Analyst Upgrades and Downgrades

UI has been the topic of several research reports. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. BWS Financial restated a “buy” rating and issued a $980.00 target price on shares of Ubiquiti in a research report on Monday, May 11th. Weiss Ratings downgraded Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Barclays raised their target price on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $750.67.

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.