UBS Group AG Sells 117,202 Shares of Frequency Electronics, Inc. $FEIM

UBS Group AG cut its position in shares of Frequency Electronics, Inc. (NASDAQ:FEIM) by 56.3% in the fourth quarter, HoldingsChannel reports. The firm owned 91,132 shares of the communications equipment provider’s stock after selling 117,202 shares during the period. UBS Group AG’s holdings in Frequency Electronics were worth $4,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Frequency Electronics in the 3rd quarter worth $803,000. Navellier & Associates Inc. bought a new position in shares of Frequency Electronics in the 3rd quarter worth $915,000. Round Rock Advisors LLC raised its position in shares of Frequency Electronics by 152.5% in the 4th quarter. Round Rock Advisors LLC now owns 48,595 shares of the communications equipment provider’s stock worth $2,616,000 after acquiring an additional 29,347 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Frequency Electronics in the 4th quarter worth $3,059,000. Finally, Alps Advisors Inc. bought a new position in shares of Frequency Electronics in the 3rd quarter worth $570,000. 58.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FEIM. Wall Street Zen raised Frequency Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Freedom Capital raised Frequency Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered Frequency Electronics from a “buy (b+)” rating to a “hold (c+)” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $43.67.

Frequency Electronics Trading Up 0.6%

Shares of FEIM stock opened at $59.89 on Friday. The company has a market capitalization of $589.32 million, a P/E ratio of 79.85 and a beta of 0.53. The business’s 50 day moving average is $52.31 and its two-hundred day moving average is $47.91. Frequency Electronics, Inc. has a 12-month low of $18.07 and a 12-month high of $64.99.

Frequency Electronics (NASDAQ:FEIM) last posted its quarterly earnings results on Wednesday, March 11th. The communications equipment provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.14). Frequency Electronics had a net margin of 10.78% and a return on equity of 12.69%. The company had revenue of $16.89 million during the quarter, compared to analyst estimates of $19.06 million.

About Frequency Electronics

Frequency Electronics, Inc (NASDAQ:FEIM) is a U.S.-based designer and manufacturer of precision frequency control products and timing solutions. The company’s portfolio includes oven-controlled crystal oscillators (OCXOs), atomic frequency standards such as rubidium oscillators, GPS-disciplined oscillators (GPSDOs), microwave synthesizers, and integrated timing subsystems. These products are used to provide stable and accurate frequency and time references for applications that demand high performance and reliability.

FEI serves a broad range of markets, including telecommunications, aerospace and defense, satellite and space systems, test and measurement equipment, and critical infrastructure.