Private Advisory Group LLC Reduces Holdings in Ubiquiti Inc. $UI

Private Advisory Group LLC lowered its position in Ubiquiti Inc. (NYSE:UI) by 29.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,772 shares of the company’s stock after selling 755 shares during the quarter. Private Advisory Group LLC’s holdings in Ubiquiti were worth $1,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Ubiquiti by 7.1% during the third quarter. PNC Financial Services Group Inc. now owns 256 shares of the company’s stock valued at $169,000 after purchasing an additional 17 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after purchasing an additional 18 shares during the period. Baron Wealth Management LLC lifted its stake in shares of Ubiquiti by 2.2% during the 3rd quarter. Baron Wealth Management LLC now owns 947 shares of the company’s stock valued at $626,000 after buying an additional 20 shares in the last quarter. Valeo Financial Advisors LLC lifted 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 buying an additional 25 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Ubiquiti by 2.6% in the 2nd quarter. M&T Bank Corp now owns 1,204 shares of the company’s stock worth $495,000 after buying an additional 30 shares during the period. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Price Performance

Shares of UI opened at $750.16 on Monday. Ubiquiti Inc. has a 1-year low of $255.00 and a 1-year high of $803.59. The company has a market capitalization of $45.40 billion, a P/E ratio of 51.10 and a beta of 1.40. The firm’s 50 day simple moving average is $592.42 and its 200 day simple moving average is $600.22.

Ubiquiti (NYSE:UI) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.80. The firm had revenue of $814.87 million for the quarter, compared to analysts’ expectations of $716.95 million. Ubiquiti had a net margin of 29.90% and a return on equity of 113.21%. The business’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter last year, the company posted $2.28 EPS. On average, equities analysts anticipate that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $3.20 dividend on an annualized basis and a yield of 0.4%. Ubiquiti’s dividend payout ratio is currently 21.80%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UI. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Barclays increased their price target on shares of Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a report on Friday, February 6th. BWS Financial reaffirmed a “buy” rating and set a $720.00 price objective on shares of Ubiquiti in a research note on Monday, February 9th. Wall Street Zen downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ubiquiti in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ubiquiti has an average rating of “Moderate Buy” and a consensus price target of $615.67.

About Ubiquiti

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.