Jane Street Group LLC Sells 689 Shares of Ubiquiti Inc. (NYSE:UI)

Jane Street Group LLC decreased its position in Ubiquiti Inc. (NYSE:UI) by 34.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,317 shares of the company’s stock after selling 689 shares during the quarter. Jane Street Group LLC’s holdings in Ubiquiti were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Huntington National Bank increased its position in Ubiquiti by 267.6% in the third quarter. Huntington National Bank now owns 125 shares of the company’s stock worth $28,000 after buying an additional 91 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in Ubiquiti in the third quarter worth about $47,000. Hanseatic Management Services Inc. purchased a new stake in Ubiquiti in the third quarter worth about $76,000. Harvest Fund Management Co. Ltd purchased a new stake in Ubiquiti in the third quarter worth about $126,000. Finally, Atria Investments Inc purchased a new stake in Ubiquiti in the third quarter worth about $210,000. Institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UI. BWS Financial upped their price target on Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays increased their target price on Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th.

Ubiquiti Stock Performance

NYSE:UI opened at $359.57 on Friday. 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 12-month low of $104.24 and a 12-month high of $366.73. The stock has a 50-day moving average price of $337.62 and a 200 day moving average price of $245.61. The stock has a market capitalization of $21.74 billion, a P/E ratio of 55.66 and a beta of 1.14.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Monday, November 18th. Ubiquiti’s dividend payout ratio is currently 37.15%.

Ubiquiti 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.