Creative Planning bought a new stake in Ubiquiti Inc. (NYSE:UI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,964 shares of the company’s stock, valued at approximately $1,178,000.
Several other institutional investors have also made changes to their positions in UI. Flagship Harbor Advisors LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $54,000. Valeo Financial Advisors LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $119,000. Commonwealth Equity Services LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $234,000. FTB Advisors Inc. bought a new stake in shares of Ubiquiti in the third quarter valued at about $237,000. Finally, Malaga Cove Capital LLC bought a new stake in shares of Ubiquiti in the third quarter valued at about $260,000. 12.82% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on UI shares. ValuEngine raised shares of Ubiquiti from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Zacks Investment Research cut shares of Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Monday, October 28th. Barclays upped their price objective on shares of Ubiquiti from $100.00 to $145.00 in a research report on Monday, November 11th. Finally, BWS Financial upped their price objective on shares of Ubiquiti from $150.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.
In other Ubiquiti news, Director Ronald Sege sold 6,342 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $186.24, for a total transaction of $1,181,134.08. Following the completion of the sale, the director now owns 6,342 shares of the company’s stock, valued at approximately $1,181,134.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 86.67% of the company’s stock.
Shares of UI stock traded down $0.83 on Wednesday, reaching $195.39. The company had a trading volume of 159,071 shares, compared to its average volume of 366,459. The firm has a 50-day simple moving average of $160.07. Ubiquiti Inc. has a one year low of $92.08 and a one year high of $199.91. The company has a debt-to-equity ratio of 4.68, a current ratio of 2.64 and a quick ratio of 1.57. The firm has a market capitalization of $12.79 billion, a PE ratio of 41.22, a PEG ratio of 3.63 and a beta of 1.48.
Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, November 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.16. Ubiquiti had a return on equity of 841.80% and a net margin of 27.88%. The company had revenue of $323.30 million during the quarter, compared to the consensus estimate of $307.95 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts forecast that Ubiquiti Inc. will post 5.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, November 15th. Ubiquiti’s dividend payout ratio is presently 25.32%.
Ubiquiti Company Profile
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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