Quantbot Technologies LP Cuts Stock Position in Ubiquiti Inc. $UI

Quantbot Technologies LP decreased its holdings in Ubiquiti Inc. (NYSE:UI) by 60.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,692 shares of the company’s stock after selling 4,070 shares during the quarter. Quantbot Technologies LP’s holdings in Ubiquiti were worth $1,778,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UI. Exchange Traded Concepts LLC lifted its holdings in Ubiquiti by 31.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after buying an additional 18 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Ubiquiti by 200.0% during the second quarter. SBI Securities Co. Ltd. now owns 165 shares of the company’s stock worth $68,000 after acquiring an additional 110 shares during the period. Westside Investment Management Inc. increased its position in shares of Ubiquiti by 100.0% during the third quarter. Westside Investment Management Inc. now owns 102 shares of the company’s stock worth $69,000 after acquiring an additional 51 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Ubiquiti by 31.5% in the third quarter. EverSource Wealth Advisors LLC now owns 142 shares of the company’s stock valued at $94,000 after acquiring an additional 34 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Ubiquiti by 42.4% in the second quarter. Amalgamated Bank now owns 373 shares of the company’s stock valued at $154,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UI shares. Wall Street Zen upgraded Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. Zacks Research upgraded shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Barclays lifted their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. Finally, BWS Financial reissued a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $615.67.

Ubiquiti Trading Up 4.9%

UI stock opened at $799.76 on Thursday. The stock has a market cap of $48.40 billion, a P/E ratio of 54.48 and a beta of 1.33. Ubiquiti Inc. has a twelve month low of $255.00 and a twelve month high of $803.59. The company’s 50 day moving average is $625.25 and its two-hundred day moving average is $616.68.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, February 6th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.80. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business had revenue of $814.87 million during the quarter, compared to analysts’ expectations of $716.95 million. During the same quarter in the prior year, the business posted $2.28 EPS. The company’s revenue for the quarter was up 35.8% on a year-over-year basis. On average, equities research analysts predict that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. Ubiquiti’s dividend payout ratio (DPR) is presently 21.80%.

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.