Universal Electronics Inc. (NASDAQ:UEIC) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 33.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,943 shares of the technology company’s stock after buying an additional 5,512 shares during the period. Barclays PLC owned about 0.17% of Universal Electronics worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Universal Electronics during the third quarter valued at approximately $163,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock valued at $609,000 after purchasing an additional 8,706 shares during the period. Empowered Funds LLC boosted its stake in shares of Universal Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock valued at $397,000 after purchasing an additional 2,144 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Universal Electronics by 4.3% in the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock valued at $496,000 after purchasing an additional 2,203 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Universal Electronics in the second quarter valued at $212,000. 79.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on UEIC. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, November 8th. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $14.00 in a research note on Monday, November 11th. Finally, StockNews.com downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th.

Insider Buying and Selling at Universal Electronics

In other Universal Electronics news, CEO Paul D. Arling sold 13,185 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total transaction of $154,660.05. Following the transaction, the chief executive officer now directly owns 283,615 shares in the company, valued at $3,326,803.95. This represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Edward K. Zinser sold 2,500 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the sale, the director now directly owns 38,062 shares in the company, valued at $406,502.16. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.37% of the stock is currently owned by insiders.

Universal Electronics Price Performance

NASDAQ UEIC opened at $10.43 on Tuesday. Universal Electronics Inc. has a 12 month low of $7.53 and a 12 month high of $14.20. The company has a market capitalization of $135.88 million, a price-to-earnings ratio of -5.09 and a beta of 1.20. The company’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $10.14.

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.