Symmetry Partners LLC purchased a new stake in Ubiquiti Inc. (NYSE:UI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,847 shares of the company’s stock, valued at approximately $455,000.
Several other hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $54,000. Valeo Financial Advisors LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $119,000. Commonwealth Equity Services LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $234,000. FTB Advisors Inc. bought a new stake in Ubiquiti during the 3rd quarter worth approximately $237,000. Finally, Malaga Cove Capital LLC bought a new stake in Ubiquiti during the 3rd quarter worth approximately $260,000. 20.09% of the stock is owned by institutional investors.
NYSE:UI traded up $46.28 during trading hours on Friday, reaching $176.27. 104,836 shares of the stock were exchanged, compared to its average volume of 226,997. Ubiquiti Inc. has a twelve month low of $92.08 and a twelve month high of $174.95. The company has a current ratio of 4.21, a quick ratio of 2.73 and a debt-to-equity ratio of 4.68. The company’s 50 day simple moving average is $121.97. The stock has a market capitalization of $7.98 billion, a PE ratio of 37.04, a PEG ratio of 2.49 and a beta of 1.24.
Ubiquiti (NYSE:UI) last released its quarterly earnings results on Friday, August 9th. The company reported $1.18 earnings per share for the quarter. Ubiquiti had a return on equity of 206.17% and a net margin of 27.78%. The firm had revenue of $286.64 million during the quarter. Analysts forecast that Ubiquiti Inc. will post 5.52 EPS for the current year.
UI has been the subject of a number of research reports. Zacks Investment Research cut Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a research note on Monday, October 28th. ValuEngine cut Ubiquiti from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Finally, BWS Financial initiated coverage on Ubiquiti in a research report on Wednesday, October 9th. They set a “buy” rating for the company.
Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.
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