Sei Investments Co. Purchases New Position in Universal Electronics Inc. (NASDAQ:UEIC)

Sei Investments Co. acquired a new position in shares of Universal Electronics Inc. (NASDAQ:UEIC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 18,235 shares of the technology company’s stock, valued at approximately $212,000. Sei Investments Co. owned about 0.14% of Universal Electronics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Universal Electronics by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock worth $4,565,000 after acquiring an additional 13,495 shares during the period. American Century Companies Inc. boosted its stake in Universal Electronics by 24.8% during the 2nd quarter. American Century Companies Inc. now owns 165,845 shares of the technology company’s stock valued at $1,927,000 after purchasing an additional 32,911 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Universal Electronics by 9.1% during the 2nd quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock valued at $5,804,000 after purchasing an additional 41,795 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Universal Electronics during the 2nd quarter valued at $122,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Universal Electronics by 18.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 140,077 shares of the technology company’s stock worth $1,628,000 after buying an additional 21,337 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Universal Electronics Stock Up 0.4 %

Universal Electronics stock opened at $8.23 on Friday. The stock has a market cap of $106.09 million, a price-to-earnings ratio of -2.33 and a beta of 1.13. Universal Electronics Inc. has a 12 month low of $7.02 and a 12 month high of $14.20. The business has a 50 day moving average price of $8.97 and a two-hundred day moving average price of $10.50.

Universal Electronics (NASDAQ:UEIC) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.01). Universal Electronics had a negative return on equity of 19.41% and a negative net margin of 11.19%. The company had revenue of $90.45 million for the quarter, compared to the consensus estimate of $94.86 million. On average, analysts expect that Universal Electronics Inc. will post -0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.