Universal Electronics (NASDAQ:UEIC) VP Ramzi Ammari Sells 4,916 Shares

Universal Electronics Inc. (NASDAQ:UEIC) VP Ramzi Ammari sold 4,916 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.16, for a total transaction of $20,450.56. Following the completion of the transaction, the vice president owned 37,648 shares of the company’s stock, valued at approximately $156,615.68. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ramzi Ammari also recently made the following trade(s):

• On Friday, February 13th, Ramzi Ammari sold 938 shares of Universal Electronics stock. The stock was sold at an average price of $4.10, for a total transaction of $3,845.80.

Universal Electronics Price Performance

Shares of Universal Electronics stock traded down $0.11 during trading on Thursday, hitting $4.22. The company’s stock had a trading volume of 3,331 shares, compared to its average volume of 68,840. The stock has a market cap of $54.20 million, a price-to-earnings ratio of -3.01 and a beta of 1.38. Universal Electronics Inc. has a 52 week low of $2.69 and a 52 week high of $7.50. The stock has a 50-day moving average price of $3.95 and a two-hundred day moving average price of $3.91.

Hedge Funds Weigh In On Universal Electronics

A number of hedge funds have recently bought and sold shares of UEIC. Assenagon Asset Management S.A. lifted its holdings in Universal Electronics by 377.1% in the third quarter. Assenagon Asset Management S.A. now owns 232,589 shares of the technology company’s stock valued at $1,084,000 after buying an additional 183,836 shares during the period. Peapod Lane Capital LLC grew its holdings in Universal Electronics by 130.9% during the 3rd quarter. Peapod Lane Capital LLC now owns 291,164 shares of the technology company’s stock worth $1,357,000 after acquiring an additional 165,079 shares during the period. AMH Equity Ltd raised its position in shares of Universal Electronics by 10.9% in the 3rd quarter. AMH Equity Ltd now owns 800,000 shares of the technology company’s stock worth $3,728,000 after acquiring an additional 78,727 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Universal Electronics in the 2nd quarter valued at about $82,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Universal Electronics by 13.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,272 shares of the technology company’s stock valued at $185,000 after purchasing an additional 5,932 shares during the period. Institutional investors own 79.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Universal Electronics in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Universal Electronics has a consensus rating of “Reduce” and an average target price of $5.75.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.