Ubiquiti Inc. (NYSE:UI) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Ubiquiti Inc. (NYSE:UI) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,718 shares of the company’s stock after selling 290 shares during the period. Commonwealth Equity Services LLC’s holdings in Ubiquiti were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of UI. Bank of New York Mellon Corp raised its stake in Ubiquiti by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 139,704 shares of the company’s stock valued at $20,349,000 after buying an additional 2,041 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Ubiquiti during the 2nd quarter valued at $241,000. Alpha Cubed Investments LLC acquired a new stake in shares of Ubiquiti during the 2nd quarter worth about $407,000. Virtu Financial LLC purchased a new position in shares of Ubiquiti during the 1st quarter worth $261,000. Finally, Motley Fool Asset Management LLC acquired a new position in shares of Ubiquiti during the 1st quarter valued at about $436,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays decreased their price objective on shares of Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a research note on Tuesday, August 27th. BWS Financial upped their price objective on Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Finally, StockNews.com lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd.

Ubiquiti Price Performance

NYSE UI opened at $219.63 on Wednesday. The company has a 50-day moving average price of $185.77 and a two-hundred day moving average price of $149.46. Ubiquiti Inc. has a 52 week low of $103.00 and a 52 week high of $221.22. The stock has a market cap of $13.28 billion, a price-to-earnings ratio of 37.93 and a beta of 1.16. The company has a current ratio of 3.22, a quick ratio of 1.59 and a debt-to-equity ratio of 7.05.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.17). Ubiquiti had a return on equity of 3,321.33% and a net margin of 18.15%. The business had revenue of $507.50 million during the quarter, compared to the consensus estimate of $538.23 million. Ubiquiti’s revenue for the quarter was up 3.3% on a year-over-year basis. Analysts forecast that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ubiquiti’s dividend payout ratio is currently 41.45%.

Ubiquiti 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.