1,000 Shares in Ubiquiti Inc. (NYSE:UI) Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC bought a new position in shares of Ubiquiti Inc. (NYSE:UI) in the third quarter, Holdings Channel reports. The fund bought 1,000 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Ubiquiti by 81.2% during the 3rd quarter. CWM LLC now owns 1,486 shares of the company’s stock valued at $329,000 after acquiring an additional 666 shares during the last quarter. SW Investment Management LLC lifted its holdings in shares of Ubiquiti by 9.1% during the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock valued at $43,698,000 after purchasing an additional 25,000 shares during the last quarter. Creative Planning boosted its position in shares of Ubiquiti by 28.4% in the 2nd quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after purchasing an additional 585 shares during the period. Millennium Management LLC increased its stake in Ubiquiti by 86.2% in the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares in the last quarter. Finally, Maverick Capital Ltd. raised its holdings in Ubiquiti by 76.3% during the 2nd quarter. Maverick Capital Ltd. now owns 19,093 shares of the company’s stock worth $2,781,000 after buying an additional 8,264 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Down 0.3 %

Shares of Ubiquiti stock opened at $240.68 on Wednesday. The stock has a 50-day moving average price of $202.64 and a 200 day moving average price of $161.63. The company has a market cap of $14.55 billion, a P/E ratio of 41.57 and a beta of 1.16. The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05. Ubiquiti Inc. has a 1 year low of $103.00 and a 1 year high of $245.39.

Ubiquiti (NYSE:UI) last announced its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.17). The business had revenue of $507.50 million during the quarter, compared to analysts’ expectations of $538.23 million. Ubiquiti had a return on equity of 3,321.33% and a net margin of 18.15%. Ubiquiti’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, analysts expect that Ubiquiti Inc. will post 7.09 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ubiquiti’s dividend payout ratio is currently 41.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UI shares. BWS Financial raised their target price on shares of Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, August 26th. StockNews.com cut shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Tuesday, September 3rd. Finally, Barclays reduced their target price on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a report on Tuesday, August 27th.

About Ubiquiti

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.