Ultralife Co. (NASDAQ:ULBI) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Ultralife Co. (NASDAQ:ULBI) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,681 shares of the technology company’s stock after purchasing an additional 2,835 shares during the quarter. Geode Capital Management LLC’s holdings in Ultralife were worth $2,104,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in Ultralife by 21.3% during the 3rd quarter. Barclays PLC now owns 13,395 shares of the technology company’s stock valued at $121,000 after purchasing an additional 2,355 shares during the period. Rhumbline Advisers lifted its holdings in shares of Ultralife by 1,728.3% during the second quarter. Rhumbline Advisers now owns 11,811 shares of the technology company’s stock worth $125,000 after buying an additional 11,165 shares during the last quarter. Juncture Wealth Strategies LLC bought a new stake in shares of Ultralife in the third quarter valued at approximately $165,000. Jane Street Group LLC acquired a new stake in shares of Ultralife in the third quarter worth $166,000. Finally, XTX Topco Ltd increased its position in Ultralife by 192.1% during the second quarter. XTX Topco Ltd now owns 37,399 shares of the technology company’s stock worth $397,000 after acquiring an additional 24,595 shares during the period. 30.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Ultralife from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $14.00 target price on shares of Ultralife in a research report on Friday, November 15th.

Ultralife Stock Down 2.8 %

Shares of NASDAQ:ULBI opened at $7.39 on Thursday. The company has a market capitalization of $122.87 million, a PE ratio of 13.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 3.30. The company’s fifty day moving average is $7.74 and its 200-day moving average is $9.22. Ultralife Co. has a 52 week low of $6.63 and a 52 week high of $13.39.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.