Baader Bank Aktiengesellschaft Purchases New Holdings in Ubiquiti Inc. (NYSE:UI)

Baader Bank Aktiengesellschaft bought a new stake in Ubiquiti Inc. (NYSE:UI) during the 4th quarter, Holdings Channel reports. The firm bought 1,270 shares of the company’s stock, valued at approximately $422,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UI. Marshall Wace LLP raised its holdings in Ubiquiti by 104.4% during the second quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock worth $871,000 after purchasing an additional 3,054 shares in the last quarter. AQR Capital Management LLC increased its position in Ubiquiti by 88.8% during the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock worth $3,372,000 after purchasing an additional 11,076 shares during the period. Millennium Management LLC raised its stake in shares of Ubiquiti by 86.2% during the 2nd quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after buying an additional 27,011 shares in the last quarter. Creative Planning lifted its holdings in shares of Ubiquiti by 28.4% in the 2nd quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after buying an additional 585 shares during the period. Finally, CWM LLC boosted its stake in shares of Ubiquiti by 81.2% in the third quarter. CWM LLC now owns 1,486 shares of the company’s stock valued at $329,000 after buying an additional 666 shares in the last quarter. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

Ubiquiti Stock Up 3.2 %

UI opened at $397.81 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 61.58 and a beta of 1.14. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $438.12. The business’s fifty day moving average is $361.29 and its two-hundred day moving average is $269.47.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, November 8th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.75 by $0.37. Ubiquiti had a net margin of 19.36% and a return on equity of 532.06%. The business had revenue of $550.34 million for the quarter, compared to analyst estimates of $535.03 million. Analysts anticipate that Ubiquiti Inc. will post 7.21 EPS for the current fiscal year.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.40 annualized dividend and a dividend yield of 0.60%. Ubiquiti’s dividend payout ratio is presently 37.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UI shares. Barclays raised their target price on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Finally, BWS Financial upped their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

Ubiquiti Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.