Ramzi Ammari Sells 4,916 Shares of Universal Electronics (NASDAQ:UEIC) Stock

Universal Electronics Inc. (NASDAQ:UEIC) VP Ramzi Ammari sold 4,916 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.16, for a total transaction of $20,450.56. Following the transaction, the vice president owned 37,648 shares of the company’s stock, valued at approximately $156,615.68. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ramzi Ammari also recently made the following trade(s):

• On Friday, February 13th, Ramzi Ammari sold 938 shares of Universal Electronics stock. The shares were sold at an average price of $4.10, for a total transaction of $3,845.80.

Universal Electronics Stock Down 2.1%

Shares of UEIC opened at $4.23 on Friday. The company has a 50 day moving average of $3.96 and a two-hundred day moving average of $3.91. Universal Electronics Inc. has a twelve month low of $2.69 and a twelve month high of $7.50. The company has a market cap of $54.41 million, a price-to-earnings ratio of -3.02 and a beta of 1.38.

Institutional Investors Weigh In On Universal Electronics

Several institutional investors and hedge funds have recently made changes to their positions in UEIC. Quadrature Capital Ltd acquired a new position in shares of Universal Electronics in the 2nd quarter valued at $82,000. NewEdge Advisors LLC purchased a new position in Universal Electronics in the 3rd quarter worth $64,000. Prelude Capital Management LLC lifted its position in Universal Electronics by 88.7% during the 3rd quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock worth $136,000 after acquiring an additional 13,705 shares during the period. Heron Bay Capital Management purchased a new stake in Universal Electronics during the 3rd quarter valued at about $148,000. Finally, Cubist Systematic Strategies LLC grew its stake in Universal Electronics by 62.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock valued at $199,000 after purchasing an additional 12,526 shares during the last quarter. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Universal Electronics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $5.75.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.