17,678 Shares in Universal Electronics Inc. (NASDAQ:UEIC) Acquired by Jane Street Group LLC

Jane Street Group LLC bought a new position in shares of Universal Electronics Inc. (NASDAQ:UEICFree Report) during the third quarter, Holdings Channel.com reports. The fund bought 17,678 shares of the technology company’s stock, valued at approximately $163,000.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Universal Electronics by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock worth $4,565,000 after buying an additional 13,495 shares during the period. American Century Companies Inc. increased its stake in shares of Universal Electronics by 24.8% during the second quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock worth $1,927,000 after buying an additional 32,911 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Universal Electronics by 15.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock worth $609,000 after buying an additional 8,706 shares during the period. Victory Capital Management Inc. increased its stake in shares of Universal Electronics by 4.3% during the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after buying an additional 2,203 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Universal Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after buying an additional 2,144 shares during the period. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Edward K. Zinser sold 2,500 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.68, for a total transaction of $26,700.00. Following the completion of the sale, the director now directly owns 38,062 shares of the company’s stock, valued at $406,502.16. This trade represents a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total value of $154,660.05. Following the completion of the sale, the chief executive officer now directly owns 283,615 shares of the company’s stock, valued at approximately $3,326,803.95. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.37% of the company’s stock.

Universal Electronics Trading Up 0.7 %

UEIC stock opened at $9.90 on Tuesday. The company has a market capitalization of $128.98 million, a P/E ratio of -4.83 and a beta of 1.20. Universal Electronics Inc. has a twelve month low of $7.53 and a twelve month high of $14.20. The business has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $10.09.

Wall Street Analyst Weigh In

Several equities analysts have commented on UEIC shares. Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Friday, November 8th. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.00 to $14.00 in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Universal Electronics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

View Our Latest Analysis on UEIC

Universal Electronics Company Profile

(Free Report)

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.

Further Reading

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Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

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