First Eagle Investment Management LLC Has $1.96 Million Holdings in Universal Electronics Inc. (NASDAQ:UEIC)

First Eagle Investment Management LLC decreased its position in Universal Electronics Inc. (NASDAQ:UEIC) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,315 shares of the technology company’s stock after selling 37,860 shares during the quarter. First Eagle Investment Management LLC owned 1.31% of Universal Electronics worth $1,956,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Universal Electronics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 555,163 shares of the technology company’s stock valued at $5,557,000 after buying an additional 7,994 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Universal Electronics by 9.1% during the second quarter. Acadian Asset Management LLC now owns 499,940 shares of the technology company’s stock worth $5,804,000 after purchasing an additional 41,795 shares during the last quarter. AMH Equity Ltd grew its position in Universal Electronics by 23.0% in the first quarter. AMH Equity Ltd now owns 491,968 shares of the technology company’s stock valued at $4,925,000 after purchasing an additional 91,968 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Electronics by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 392,822 shares of the technology company’s stock valued at $4,565,000 after buying an additional 13,495 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Universal Electronics by 15.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 380,573 shares of the technology company’s stock worth $3,574,000 after buying an additional 50,117 shares in the last quarter. 79.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Universal Electronics from a “hold” rating to a “buy” rating in a report on Thursday.

Universal Electronics Stock Up 2.0 %

Shares of Universal Electronics stock opened at $8.76 on Friday. Universal Electronics Inc. has a 12-month low of $7.02 and a 12-month high of $14.20. The business’s 50 day moving average is $9.93 and its 200-day moving average is $10.56. The stock has a market cap of $112.93 million, a P/E ratio of -2.48 and a beta of 1.14.

Universal Electronics (NASDAQ:UEIC) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $90.45 million for the quarter, compared to the consensus estimate of $94.86 million. On average, sell-side analysts expect that Universal Electronics Inc. will post -0.62 EPS for the current year.

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.