Hunting Hill Global Capital LLC Takes Position in Ubiquiti Inc. $UI

Hunting Hill Global Capital LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 893 shares of the company’s stock, valued at approximately $494,000.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Ubiquiti by 87.5% in the fourth quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after buying an additional 21 shares in the last quarter. Cherry Tree Wealth Management LLC acquired a new stake in shares of Ubiquiti in the third quarter valued at $33,000. Quarry LP acquired a new stake in shares of Ubiquiti in the third quarter valued at $34,000. CIBC Private Wealth Group LLC grew its stake in shares of Ubiquiti by 238.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Ubiquiti by 216.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after purchasing an additional 54 shares in the last quarter. 4.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays boosted their target price on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Weiss Ratings cut Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. BWS Financial reissued a “buy” rating and set a $980.00 target price on shares of Ubiquiti in a research note on Monday, May 11th. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen cut Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $750.67.

Ubiquiti Price Performance

UI opened at $562.09 on Thursday. Ubiquiti Inc. has a 12 month low of $368.42 and a 12 month high of $1,099.99. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 36.12 and a beta of 1.29. The business has a fifty day moving average price of $768.74 and a 200 day moving average price of $694.57.

Ubiquiti (NYSE:UI) last announced its quarterly earnings results on Friday, May 8th. The company reported $3.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.41). The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. Ubiquiti had a return on equity of 95.62% and a net margin of 30.43%.The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, research analysts anticipate that Ubiquiti Inc. will post 14.82 earnings per share for the current year.

Ubiquiti Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. Ubiquiti’s payout ratio is 20.57%.

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.