Ubiquiti Inc. (NYSE:UI) Stock Position Cut by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in shares of Ubiquiti Inc. (NYSE:UI) by 42.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,293 shares of the company’s stock after selling 1,688 shares during the quarter. Hsbc Holdings PLC’s holdings in Ubiquiti were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Covestor Ltd grew its holdings in Ubiquiti by 29.0% during the first quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after acquiring an additional 116 shares during the period. Parallel Advisors LLC lifted its stake in Ubiquiti by 116.5% during the fourth quarter. Parallel Advisors LLC now owns 223 shares of the company’s stock valued at $31,000 after purchasing an additional 120 shares during the last quarter. nVerses Capital LLC bought a new stake in Ubiquiti during the second quarter worth approximately $44,000. Fairman Group LLC acquired a new position in Ubiquiti in the fourth quarter worth approximately $52,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of Ubiquiti by 20.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,360 shares of the company’s stock valued at $273,000 after buying an additional 400 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ubiquiti Trading Up 2.1 %

NYSE:UI opened at $228.26 on Thursday. The company has a quick ratio of 1.59, a current ratio of 3.22 and a debt-to-equity ratio of 7.05. The company’s 50 day moving average is $192.17 and its 200-day moving average is $153.74. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 39.42 and a beta of 1.16. Ubiquiti Inc. has a 12 month low of $103.00 and a 12 month high of $229.24.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $538.23 million. Ubiquiti’s revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that Ubiquiti Inc. will post 7.09 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.40 annualized dividend and a yield of 1.05%. Ubiquiti’s dividend payout ratio is 41.45%.

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.