Jane Street Group LLC Invests $163,000 in Universal Electronics Inc. (NASDAQ:UEIC)

Jane Street Group LLC acquired a new position in Universal Electronics Inc. (NASDAQ:UEIC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,678 shares of the technology company’s stock, valued at approximately $163,000. Jane Street Group LLC owned about 0.14% of Universal Electronics as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Universal Electronics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after purchasing an additional 2,144 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Universal Electronics by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,203 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Universal Electronics by 15.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after purchasing an additional 8,706 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Universal Electronics during the 2nd quarter valued at approximately $122,000. Finally, Dimensional Fund Advisors LP lifted its stake in Universal Electronics by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock valued at $4,565,000 after acquiring an additional 13,495 shares during the period. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on UEIC. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, November 8th. StockNews.com upgraded shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $14.00 in a research note on Monday, November 11th.

Insider Activity

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

Universal Electronics Stock Up 0.7 %

Universal Electronics stock opened at $9.90 on Tuesday. Universal Electronics Inc. has a 52-week low of $7.53 and a 52-week high of $14.20. The firm has a market capitalization of $128.98 million, a price-to-earnings ratio of -4.83 and a beta of 1.20. The company has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $10.09.

Universal Electronics Company 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.