Atria Investments Inc Cuts Position in Ubiquiti Inc. (NYSE:UI)

Atria Investments Inc trimmed its stake in Ubiquiti Inc. (NYSE:UI) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 820 shares of the company’s stock after selling 126 shares during the period. Atria Investments Inc’s holdings in Ubiquiti were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Caprock Group LLC boosted its stake in Ubiquiti by 2.3% in the fourth quarter. Caprock Group LLC now owns 1,085 shares of the company’s stock valued at $360,000 after acquiring an additional 24 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Ubiquiti by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 384 shares of the company’s stock valued at $127,000 after purchasing an additional 41 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Ubiquiti by 71.1% during the 4th quarter. Venturi Wealth Management LLC now owns 130 shares of the company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Ubiquiti by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 1,768 shares of the company’s stock worth $392,000 after purchasing an additional 58 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Ubiquiti by 78.8% during the 4th quarter. Blue Trust Inc. now owns 143 shares of the company’s stock worth $47,000 after buying an additional 63 shares during the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on UI. Barclays lowered their target price on shares of Ubiquiti from $236.00 to $222.00 and set an “underweight” rating for the company in a research note on Monday, February 10th. BWS Financial reissued a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a report on Monday, February 10th.

Ubiquiti Price Performance

Shares of NYSE UI opened at $318.39 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.22 and a quick ratio of 0.98. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 43.26 and a beta of 1.12. The firm’s 50 day simple moving average is $362.23 and its 200-day simple moving average is $309.58. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $469.98.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.12. Ubiquiti had a net margin of 20.68% and a return on equity of 296.82%. During the same period in the prior year, the company earned $1.36 earnings per share. Analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Tuesday, February 18th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, February 18th. Ubiquiti’s payout ratio is presently 32.61%.

Insiders Place Their Bets

In other news, CAO Kevin Radigan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total value of $347,990.00. Following the transaction, the chief accounting officer now owns 2,484 shares in the company, valued at $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 93.10% of the stock is currently owned by company insiders.

Ubiquiti Company 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.