Los Angeles Capital Management LLC Purchases 9,152 Shares of Ubiquiti Inc. $UI

Los Angeles Capital Management LLC raised its position in Ubiquiti Inc. (NYSE:UI) by 1,066.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,010 shares of the company’s stock after purchasing an additional 9,152 shares during the period. Los Angeles Capital Management LLC’s holdings in Ubiquiti were worth $5,539,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UI. GSA Capital Partners LLP lifted its holdings in shares of Ubiquiti by 132.8% during the 3rd quarter. GSA Capital Partners LLP now owns 3,448 shares of the company’s stock worth $2,278,000 after acquiring an additional 1,967 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Ubiquiti by 2,268.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 20,271 shares of the company’s stock worth $13,391,000 after acquiring an additional 19,415 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Ubiquiti by 7,845.7% during the 4th quarter. M&T Bank Corp now owns 98,527 shares of the company’s stock worth $54,520,000 after acquiring an additional 97,287 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Ubiquiti during the 3rd quarter worth $1,127,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ubiquiti by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 95,561 shares of the company’s stock worth $63,126,000 after acquiring an additional 9,282 shares during the last quarter. 4.00% of the stock is owned by institutional investors.

Ubiquiti Stock Up 1.3%

Ubiquiti stock opened at $574.52 on Tuesday. The company has a market capitalization of $34.77 billion, a PE ratio of 36.92 and a beta of 1.30. The firm has a fifty day simple moving average of $801.87 and a two-hundred day simple moving average of $693.68. Ubiquiti Inc. has a twelve month low of $368.42 and a twelve month high of $1,099.99.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.41). The business had revenue of $788.20 million during the quarter, compared to the consensus estimate of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.Ubiquiti’s revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts expect that Ubiquiti Inc. will post 14.82 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $3.20 annualized dividend and a yield of 0.6%. Ubiquiti’s payout ratio is currently 20.57%.

Analysts Set New Price Targets

UI has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays lifted their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Finally, BWS Financial reaffirmed a “buy” rating and set a $980.00 price objective on shares of Ubiquiti in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.