Pacer Advisors Inc. Cuts Stock Position in Ubiquiti Inc. $UI

Pacer Advisors Inc. trimmed its holdings in shares of Ubiquiti Inc. (NYSE:UI) by 94.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,001 shares of the company’s stock after selling 99,857 shares during the quarter. Pacer Advisors Inc.’s holdings in Ubiquiti were worth $3,321,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Ubiquiti by 87.5% in the 4th quarter. Blue Trust Inc. now owns 45 shares of the company’s stock valued at $25,000 after acquiring an additional 21 shares during the period. Cherry Tree Wealth Management LLC purchased a new stake in Ubiquiti in the 3rd quarter worth $33,000. Quarry LP acquired a new position in Ubiquiti during the third quarter worth $34,000. CIBC Private Wealth Group LLC raised its position in Ubiquiti by 238.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 71 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in Ubiquiti by 216.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79 shares of the company’s stock worth $44,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UI. Zacks Research lowered shares of Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Ubiquiti from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BWS Financial reiterated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Monday, May 11th. Finally, Barclays boosted their price objective on Ubiquiti from $527.00 to $672.00 and gave the stock an “underweight” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $750.67.

Ubiquiti Stock Down 2.8%

Shares of UI opened at $563.30 on Wednesday. Ubiquiti Inc. has a 52-week low of $380.00 and a 52-week high of $1,099.99. The stock has a market cap of $34.09 billion, a PE ratio of 36.20 and a beta of 1.29. The firm’s fifty day moving average is $743.80 and its two-hundred day moving average is $694.95.

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

Ubiquiti Dividend Announcement

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

Ubiquiti Company 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.