Hussman Strategic Advisors Inc. Sells 12,600 Shares of Ubiquiti Inc. $UI

Hussman Strategic Advisors Inc. reduced its position in shares of Ubiquiti Inc. (NYSE:UI) by 75.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,200 shares of the company’s stock after selling 12,600 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Ubiquiti were worth $2,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UI. Long Walk Management LP purchased a new stake in Ubiquiti during the second quarter valued at $28,480,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ubiquiti by 1,709.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 45,284 shares of the company’s stock worth $30,423,000 after buying an additional 42,781 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Ubiquiti by 380.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 53,158 shares of the company’s stock valued at $21,882,000 after buying an additional 42,092 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Ubiquiti by 856.8% in the 2nd quarter. Rhumbline Advisers now owns 42,787 shares of the company’s stock valued at $17,613,000 after acquiring an additional 38,315 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Ubiquiti by 40.3% in the third quarter. Pacer Advisors Inc. now owns 105,858 shares of the company’s stock worth $69,928,000 after acquiring an additional 30,420 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Stock Down 0.5%

UI stock opened at $546.36 on Wednesday. Ubiquiti Inc. has a twelve month low of $255.00 and a twelve month high of $803.59. The firm has a market cap of $33.05 billion, a price-to-earnings ratio of 41.77 and a beta of 1.37. The business’s fifty day simple moving average is $562.04 and its two-hundred day simple moving average is $573.66.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.98. The firm had revenue of $733.77 million during the quarter, compared to analyst estimates of $702.38 million. Ubiquiti had a net margin of 28.72% and a return on equity of 132.71%. Research analysts expect that Ubiquiti Inc. will post 7.21 EPS for the current year.

Ubiquiti Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, November 17th. Ubiquiti’s dividend payout ratio is currently 24.46%.

Wall Street Analysts Forecast Growth

UI has been the subject of several analyst reports. BWS Financial reaffirmed a “buy” rating and issued a $720.00 price objective on shares of Ubiquiti in a research note on Thursday, January 15th. Zacks Research upgraded Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Barclays lifted their price objective on shares of Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ubiquiti in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $591.67.

Insider Activity at Ubiquiti

In other news, CAO Kevin Radigan sold 350 shares of Ubiquiti stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total transaction of $201,803.00. Following the completion of the sale, the chief accounting officer owned 2,768 shares of the company’s stock, valued at approximately $1,595,973.44. The trade was a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 93.10% of the company’s stock.

Ubiquiti Profile

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.