Assenagon Asset Management S.A. Sells 6,193 Shares of Universal Electronics Inc. (NASDAQ:UEIC)

Assenagon Asset Management S.A. reduced its position in Universal Electronics Inc. (NASDAQ:UEIC) by 4.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,884 shares of the technology company’s stock after selling 6,193 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.03% of Universal Electronics worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Kent Lake Capital LLC purchased a new position in shares of Universal Electronics in the first quarter valued at $1,588,000. AMH Equity Ltd grew its position in Universal Electronics by 23.0% during the first quarter. AMH Equity Ltd now owns 491,968 shares of the technology company’s stock worth $4,925,000 after buying an additional 91,968 shares in the last quarter. Acadian Asset Management LLC grew its position in Universal Electronics by 9.1% during the second quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after buying an additional 41,795 shares in the last quarter. American Century Companies Inc. grew its position in 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 in the last quarter. Finally, Sei Investments Co. purchased a new position in Universal Electronics during the second quarter worth about $212,000. 79.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

Universal Electronics Trading Down 5.2 %

NASDAQ UEIC opened at $8.35 on Friday. Universal Electronics Inc. has a 1-year low of $7.17 and a 1-year high of $14.20. The stock has a 50-day moving average of $8.62 and a 200-day moving average of $10.31. The firm has a market cap of $108.38 million, a PE ratio of -2.49 and a beta of 1.13.

Universal Electronics (NASDAQ:UEIC) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). Universal Electronics had a negative net margin of 11.19% and a negative return on equity of 19.41%. The business had revenue of $90.45 million for the quarter, compared to analysts’ expectations of $94.86 million. As a group, equities research analysts forecast that Universal Electronics Inc. will post -0.62 earnings per share for the current fiscal year.

Universal Electronics Company Profile

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.