Pacer Advisors Inc. Grows Stock Position in Ubiquiti Inc. (NYSE:UI)

Pacer Advisors Inc. increased its position in shares of Ubiquiti Inc. (NYSE:UI) by 95.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,825 shares of the company’s stock after purchasing an additional 30,118 shares during the quarter. Pacer Advisors Inc. owned approximately 0.10% of Ubiquiti worth $20,522,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. SW Investment Management LLC grew its holdings in shares of Ubiquiti by 9.1% during the second quarter. SW Investment Management LLC now owns 300,000 shares of the company’s stock worth $43,698,000 after buying an additional 25,000 shares in the last quarter. Millennium Management LLC boosted its position in Ubiquiti by 86.2% during the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after acquiring an additional 27,011 shares during the last quarter. Zacks Investment Management acquired a new stake in Ubiquiti in the 3rd quarter valued at about $8,892,000. JPMorgan Chase & Co. lifted its stake in Ubiquiti by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,813 shares of the company’s stock worth $6,610,000 after purchasing an additional 5,045 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Ubiquiti by 88.8% during the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock worth $3,372,000 after purchasing an additional 11,076 shares during the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Ubiquiti Trading Up 1.2 %

NYSE UI opened at $396.76 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32. The stock has a market capitalization of $23.99 billion, a P/E ratio of 61.42 and a beta of 1.14. The firm’s 50-day moving average is $359.36 and its two-hundred day moving average is $267.02. Ubiquiti Inc. has a 12 month low of $104.24 and a 12 month high of $438.12.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, November 8th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.75 by $0.37. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The firm had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. On average, sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. BWS Financial boosted their price target on shares of Ubiquiti from $385.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Barclays raised their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research report on Monday, November 11th.

About Ubiquiti

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.