Dimensional Fund Advisors LP Sells 101 Shares of Ubiquiti Inc. (NYSE:UI)

Dimensional Fund Advisors LP lessened its stake in shares of Ubiquiti Inc. (NYSE:UI) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,112 shares of the company’s stock after selling 101 shares during the period. Dimensional Fund Advisors LP’s holdings in Ubiquiti were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in shares of Ubiquiti in the fourth quarter valued at approximately $1,461,000. American National Bank grew its position in Ubiquiti by 744.4% during the first quarter. American National Bank now owns 4,163 shares of the company’s stock worth $482,000 after buying an additional 3,670 shares in the last quarter. Capstone Investment Advisors LLC grew its position in Ubiquiti by 188.1% during the first quarter. Capstone Investment Advisors LLC now owns 17,215 shares of the company’s stock worth $1,994,000 after buying an additional 11,239 shares in the last quarter. Motley Fool Asset Management LLC acquired a new stake in shares of Ubiquiti in the 1st quarter valued at $436,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Ubiquiti by 20.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,360 shares of the company’s stock valued at $273,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

Ubiquiti stock opened at $241.94 on Tuesday. Ubiquiti Inc. has a 52 week low of $103.00 and a 52 week high of $243.23. The company’s 50 day moving average price is $201.18 and its two-hundred day moving average price is $160.75. 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 stock has a market cap of $14.63 billion, a P/E ratio of 41.79 and a beta of 1.16.

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

Ubiquiti Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 0.99%. Ubiquiti’s payout ratio is 41.45%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UI shares. BWS Financial increased their price target on Ubiquiti from $160.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, August 26th. Barclays decreased their price target on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating for the company in a report on Tuesday, August 27th. Finally, StockNews.com downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Tuesday, September 3rd.

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.