Universal Electronics Inc. (NASDAQ:UEIC) CEO Paul D. Arling Sells 13,185 Shares

Universal Electronics Inc. (NASDAQ:UEIC) CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $11.73, for a total transaction of $154,660.05. Following the sale, the chief executive officer now owns 283,615 shares in the company, valued at approximately $3,326,803.95. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Universal Electronics Stock Performance

UEIC opened at $11.47 on Friday. The stock has a market capitalization of $149.45 million, a price-to-earnings ratio of -5.60 and a beta of 1.20. The company has a fifty day moving average of $9.93 and a 200 day moving average of $10.21. Universal Electronics Inc. has a fifty-two week low of $7.53 and a fifty-two week high of $14.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UEIC. Barclays PLC boosted its stake in Universal Electronics by 33.5% during the third quarter. Barclays PLC now owns 21,943 shares of the technology company’s stock valued at $202,000 after buying an additional 5,512 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Universal Electronics during the 3rd quarter valued at approximately $163,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Universal Electronics by 15.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,979 shares of the technology company’s stock valued at $609,000 after purchasing an additional 8,706 shares in the last quarter. Empowered Funds LLC increased its position in Universal Electronics by 5.3% in the third quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Universal Electronics by 4.3% during the third quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock valued at $496,000 after purchasing an additional 2,203 shares in the last quarter. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Analyst Ratings Changes

UEIC has been the subject of a number of analyst reports. Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, November 8th. StockNews.com upgraded Universal Electronics from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, B. Riley raised Universal Electronics from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $14.00 in a research note on Monday, November 11th.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.