Universal Electronics Inc. (NASDAQ:UEIC) Holdings Reduced by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in Universal Electronics Inc. (NASDAQ:UEIC) by 49.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 32,928 shares of the technology company’s stock after selling 32,280 shares during the period. GSA Capital Partners LLP’s holdings in Universal Electronics were worth $304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Universal Electronics by 1.5% in the first quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after acquiring an additional 7,994 shares in the last quarter. Sei Investments Co. bought a new position in shares of Universal Electronics in the second quarter valued at approximately $212,000. Ancora Advisors LLC boosted its holdings in shares of Universal Electronics by 7.2% in the first quarter. Ancora Advisors LLC now owns 269,834 shares of the technology company’s stock valued at $2,701,000 after acquiring an additional 18,050 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Universal Electronics by 9.1% in the second quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock valued at $5,804,000 after acquiring an additional 41,795 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Universal Electronics by 18.0% in the second quarter. Assenagon Asset Management S.A. now owns 140,077 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 21,337 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors.

Universal Electronics Stock Performance

Shares of NASDAQ:UEIC opened at $11.33 on Friday. The stock has a market capitalization of $147.63 million, a price-to-earnings ratio of -5.53 and a beta of 1.13. Universal Electronics Inc. has a 1-year low of $7.17 and a 1-year high of $14.20. The company has a 50 day moving average price of $9.00 and a 200 day moving average price of $10.30.

Wall Street Analyst Weigh In

UEIC has been the subject of several recent analyst reports. B. Riley upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.00 to $14.00 in a report on Monday, November 11th. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Finally, Rosenblatt Securities upgraded shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, November 8th.

Insider Buying and Selling

In related news, Director Edward K. Zinser sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total value of $26,700.00. Following the completion of the sale, the director now owns 38,062 shares in the company, valued at approximately $406,502.16. This represents a 6.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.37% of the stock is currently owned by insiders.

About Universal Electronics

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.