Fox Run Management L.L.C. Makes New $885,000 Investment in Ubiquiti Inc. $UI

Fox Run Management L.L.C. purchased a new position in shares of Ubiquiti Inc. (NYSE:UI) during the second quarter, HoldingsChannel reports. The institutional investor purchased 2,149 shares of the company’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UI. Public Employees Retirement System of Ohio increased its stake in Ubiquiti by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 1,307 shares of the company’s stock valued at $538,000 after purchasing an additional 25 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Ubiquiti by 2.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,025 shares of the company’s stock valued at $422,000 after acquiring an additional 25 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ubiquiti by 20.5% during the 2nd quarter. GAMMA Investing LLC now owns 159 shares of the company’s stock worth $65,000 after acquiring an additional 27 shares during the period. Wedmont Private Capital boosted its position in shares of Ubiquiti by 4.7% in the second quarter. Wedmont Private Capital now owns 697 shares of the company’s stock worth $281,000 after acquiring an additional 31 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Ubiquiti by 2.4% in the first quarter. US Bancorp DE now owns 1,564 shares of the company’s stock valued at $485,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Ubiquiti stock opened at $612.50 on Monday. The firm has a market capitalization of $37.06 billion, a PE ratio of 52.04 and a beta of 1.50. Ubiquiti Inc. has a one year low of $255.00 and a one year high of $803.59. The stock’s 50 day moving average price is $671.75 and its 200 day moving average price is $504.67.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.98. Ubiquiti had a net margin of 27.66% and a return on equity of 166.22%. The company had revenue of $733.77 million during the quarter, compared to the consensus estimate of $702.38 million. On average, analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current fiscal year.

Ubiquiti Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 17th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.5%. Ubiquiti’s payout ratio is currently 24.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Ubiquiti from $247.00 to $299.00 and gave the stock an “underweight” rating in a research note on Friday, August 22nd. UBS Group set a $600.00 target price on Ubiquiti in a report on Monday, August 25th. Zacks Research lowered Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. BWS Financial lifted their price objective on Ubiquiti from $600.00 to $720.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $539.67.

Ubiquiti Company 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.