Universal Electronics Inc. (NASDAQ:UEIC) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC increased its holdings in Universal Electronics Inc. (NASDAQ:UEIC) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,593 shares of the technology company’s stock after acquiring an additional 2,606 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.25% of Universal Electronics worth $359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Universal Electronics by 4.9% during the fourth quarter. American Century Companies Inc. now owns 223,627 shares of the technology company’s stock worth $2,460,000 after purchasing an additional 10,529 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Universal Electronics by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company’s stock valued at $1,803,000 after buying an additional 3,500 shares during the period. Russell Investments Group Ltd. raised its position in Universal Electronics by 109.6% during the 4th quarter. Russell Investments Group Ltd. now owns 129,922 shares of the technology company’s stock worth $1,429,000 after buying an additional 67,939 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Universal Electronics by 9.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 125,360 shares of the technology company’s stock worth $1,379,000 after acquiring an additional 11,263 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in shares of Universal Electronics in the 4th quarter worth $1,215,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $5.06 on Wednesday. Universal Electronics Inc. has a one year low of $4.51 and a one year high of $14.20. The firm has a market capitalization of $66.35 million, a P/E ratio of -2.74, a PEG ratio of 3.62 and a beta of 1.36. The company’s fifty day moving average is $7.14 and its two-hundred day moving average is $9.08.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The company had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.47 million. On average, sell-side analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UEIC has been the subject of several analyst reports. StockNews.com cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Universal Electronics in a research note on Friday, February 21st.

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.