Atria Investments Inc Makes New Investment in Ubiquiti Inc. (NYSE:UI)

Atria Investments Inc bought a new position in shares of Ubiquiti Inc. (NYSE:UI) during the third quarter, HoldingsChannel.com reports. The firm bought 946 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Ubiquiti by 24.1% during the first quarter. Vanguard Group Inc. now owns 97,817 shares of the company’s stock worth $11,332,000 after buying an additional 18,986 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Ubiquiti during the 3rd quarter worth $599,000. Marshall Wace LLP increased its holdings in Ubiquiti by 104.4% in the 2nd quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock worth $871,000 after purchasing an additional 3,054 shares in the last quarter. Creative Planning raised its position in Ubiquiti by 51.6% in the third quarter. Creative Planning now owns 4,008 shares of the company’s stock valued at $889,000 after purchasing an additional 1,365 shares during the last quarter. Finally, SW Investment Management LLC boosted its stake 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 in the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Trading Up 3.7 %

Shares of UI stock opened at $358.48 on Friday. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 55.49 and a beta of 1.13. The company has a current ratio of 2.54, a quick ratio of 1.32 and a debt-to-equity ratio of 2.80. Ubiquiti Inc. has a 1-year low of $104.24 and a 1-year high of $361.60. The stock has a 50-day moving average of $260.68 and a 200-day moving average of $196.59.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.17). The company had revenue of $507.50 million during the quarter, compared to the consensus estimate of $538.23 million. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Ubiquiti Inc. will post 7.09 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 0.67%. Ubiquiti’s dividend payout ratio (DPR) is presently 37.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UI shares. Barclays upped their price objective on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research note on Monday, November 11th. BWS Financial raised their price target on shares of Ubiquiti from $240.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

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.