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

Barclays PLC grew its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 33.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,943 shares of the technology company’s stock after purchasing an additional 5,512 shares during the quarter. Barclays PLC owned 0.17% of Universal Electronics worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of UEIC. Jane Street Group LLC acquired a new position in shares of Universal Electronics in the 3rd quarter worth $163,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 acquiring an additional 8,706 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 in the last quarter. Victory Capital Management Inc. lifted its holdings 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 in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Universal Electronics in the second quarter worth $212,000. Institutional investors own 79.35% of the company’s stock.

Universal Electronics Trading Up 1.3 %

Shares of NASDAQ:UEIC opened at $10.70 on Wednesday. The firm has a market cap of $139.42 million, a price-to-earnings ratio of -5.22, a P/E/G ratio of 4.14 and a beta of 1.20. Universal Electronics Inc. has a 1 year low of $7.53 and a 1 year high of $14.20. The business has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $10.05.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, November 7th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.16). The business had revenue of $102.07 million for the quarter, compared to the consensus estimate of $102.57 million. Universal Electronics had a negative net margin of 6.96% and a negative return on equity of 8.61%. During the same quarter in the prior year, the business posted ($1.50) EPS. On average, sell-side analysts forecast that Universal Electronics Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UEIC shares. B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $14.00 in a research report on Monday, November 11th. Rosenblatt Securities upgraded Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, November 8th. Finally, StockNews.com cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Friday, January 17th.

Insiders Place Their Bets

In other news, Director Edward K. Zinser sold 2,500 shares of Universal Electronics stock in a transaction that occurred on 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 trade represents a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul D. Arling sold 13,185 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total transaction of $154,660.05. Following the sale, the chief executive officer now directly owns 283,615 shares of the company’s stock, valued at approximately $3,326,803.95. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.37% of the company’s stock.

About Universal Electronics

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.