Los Angeles Capital Management LLC Raises Position in Ubiquiti Inc. $UI

Los Angeles Capital Management LLC lifted its stake in shares of Ubiquiti Inc. (NYSE:UI) by 1,066.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,010 shares of the company’s stock after purchasing an additional 9,152 shares during the period. Los Angeles Capital Management LLC’s holdings in Ubiquiti were worth $5,539,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Ubiquiti by 87.5% during the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock worth $25,000 after purchasing an additional 21 shares during the last quarter. Cherry Tree Wealth Management LLC bought a new position in Ubiquiti in the 3rd quarter worth approximately $33,000. Quarry LP bought a new position in Ubiquiti in the 3rd quarter worth approximately $34,000. Flagship Harbor Advisors LLC bought a new position in Ubiquiti in the 4th quarter worth approximately $65,000. Finally, Havemeyer Place LP bought a new position in Ubiquiti in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Price Performance

Shares of NYSE:UI opened at $574.52 on Tuesday. The firm has a fifty day moving average price of $801.87 and a two-hundred day moving average price of $693.68. Ubiquiti Inc. has a one year low of $368.42 and a one year high of $1,099.99. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 36.92 and a beta of 1.30.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The firm had revenue of $788.20 million during the quarter, compared to the consensus estimate of $814.30 million. Ubiquiti’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities research analysts expect that Ubiquiti Inc. will post 14.82 EPS for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is presently 20.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. BWS Financial reaffirmed a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Monday, May 11th. Finally, Barclays raised their price objective on shares of Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $750.67.

Ubiquiti Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.