3,030 Shares in Ubiquiti Inc. (NYSE:UI) Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,030 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UI. Signaturefd LLC grew its position in Ubiquiti by 201.5% during the third quarter. Signaturefd LLC now owns 202 shares of the company’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Headlands Technologies LLC acquired a new stake in Ubiquiti during the 4th quarter worth approximately $42,000. Quent Capital LLC raised its holdings in Ubiquiti by 66.6% in the fourth quarter. Quent Capital LLC now owns 508 shares of the company’s stock valued at $71,000 after buying an additional 203 shares during the period. National Bank of Canada FI lifted its position in Ubiquiti by 258.1% during the fourth quarter. National Bank of Canada FI now owns 555 shares of the company’s stock valued at $76,000 after buying an additional 400 shares in the last quarter. Finally, CWM LLC grew its stake in Ubiquiti by 42.7% during the fourth quarter. CWM LLC now owns 942 shares of the company’s stock worth $131,000 after buying an additional 282 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UI shares. Barclays reduced their target price on shares of Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a report on Monday, February 12th. BWS Financial restated a “buy” rating and set a $160.00 price objective on shares of Ubiquiti in a research note on Monday, April 8th. Finally, StockNews.com upgraded Ubiquiti from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th.

Ubiquiti Trading Up 0.7 %

UI opened at $114.48 on Thursday. Ubiquiti Inc. has a twelve month low of $103.00 and a twelve month high of $190.80. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 18.58 and a beta of 1.22. The company has a fifty day simple moving average of $111.66 and a 200 day simple moving average of $119.85.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.57). Ubiquiti had a net margin of 19.83% and a negative return on equity of 392.74%. The firm had revenue of $464.95 million during the quarter, compared to analysts’ expectations of $488.56 million. On average, analysts forecast that Ubiquiti Inc. will post 6.5 earnings per share for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.40 annualized dividend and a yield of 2.10%. Ubiquiti’s dividend payout ratio is presently 38.96%.

Ubiquiti 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.