Intrinsic Value Partners LLC Sells 514 Shares of Ubiquiti Inc. (NYSE:UI)

Intrinsic Value Partners LLC decreased its holdings in Ubiquiti Inc. (NYSE:UI) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,193 shares of the company’s stock after selling 514 shares during the quarter. Ubiquiti comprises approximately 1.1% of Intrinsic Value Partners LLC’s portfolio, making the stock its 23rd biggest position. Intrinsic Value Partners LLC’s holdings in Ubiquiti were worth $1,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in Ubiquiti by 95.0% in the 4th quarter. Pacer Advisors Inc. now owns 61,825 shares of the company’s stock worth $20,522,000 after buying an additional 30,118 shares in the last quarter. Zacks Investment Management purchased a new position in Ubiquiti in the 3rd quarter worth approximately $8,892,000. JPMorgan Chase & Co. lifted its holdings 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. Tidal Investments LLC boosted its position in shares of Ubiquiti by 13.3% during the 3rd quarter. Tidal Investments LLC now owns 18,505 shares of the company’s stock valued at $4,103,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Ubiquiti by 4,880.2% during the 3rd quarter. Barclays PLC now owns 13,347 shares of the company’s stock valued at $2,959,000 after acquiring an additional 13,079 shares during the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

UI has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and issued a $440.00 price target on shares of Ubiquiti in a research report on Monday, February 10th. StockNews.com upgraded Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Finally, Barclays dropped their price objective on Ubiquiti from $236.00 to $222.00 and set an “underweight” rating on the stock in a research report on Monday, February 10th.

Insider Activity at Ubiquiti

In related news, CAO Kevin Radigan sold 1,000 shares of Ubiquiti stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $347.99, for a total transaction of $347,990.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,484 shares in the company, valued at approximately $864,407.16. This trade represents a 28.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 93.10% of the stock is owned by company insiders.

Ubiquiti Trading Down 0.3 %

Ubiquiti stock opened at $342.28 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.54 and a debt-to-equity ratio of 2.80. Ubiquiti Inc. has a 52 week low of $104.24 and a 52 week high of $469.98. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 52.98 and a beta of 1.14. The stock has a 50-day moving average price of $369.46 and a 200 day moving average price of $285.46.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, February 14th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.12. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. During the same quarter in the previous year, the company earned $1.36 earnings per share. Sell-side analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, February 18th. Ubiquiti’s dividend payout ratio is currently 37.15%.

Ubiquiti Company 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.