Astoria Portfolio Advisors LLC. Lowers Stock Holdings in Ubiquiti Inc. (NYSE:UI)

Astoria Portfolio Advisors LLC. reduced its position in Ubiquiti Inc. (NYSE:UI) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,300 shares of the company’s stock after selling 1,450 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Ubiquiti were worth $432,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP boosted its stake in Ubiquiti by 104.4% during the second quarter. Marshall Wace LLP now owns 5,980 shares of the company’s stock valued at $871,000 after buying an additional 3,054 shares during the period. AQR Capital Management LLC boosted its position in shares of Ubiquiti by 88.8% during the 2nd quarter. AQR Capital Management LLC now owns 23,546 shares of the company’s stock valued at $3,372,000 after acquiring an additional 11,076 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of Ubiquiti by 76.3% during the second quarter. Maverick Capital Ltd. now owns 19,093 shares of the company’s stock worth $2,781,000 after purchasing an additional 8,264 shares in the last quarter. Millennium Management LLC increased its position in shares of Ubiquiti by 86.2% in the second quarter. Millennium Management LLC now owns 58,349 shares of the company’s stock worth $8,499,000 after purchasing an additional 27,011 shares during the last quarter. Finally, Creative Planning raised its stake in Ubiquiti by 28.4% in the second quarter. Creative Planning now owns 2,643 shares of the company’s stock valued at $385,000 after purchasing an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Down 0.9 %

UI stock opened at $406.86 on Friday. The company has a market capitalization of $24.60 billion, a PE ratio of 62.98 and a beta of 1.14. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54. Ubiquiti Inc. has a one year low of $104.24 and a one year high of $422.92. The company’s 50 day moving average price is $350.31 and its two-hundred day moving average price is $254.39.

Ubiquiti Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Monday, November 18th. Ubiquiti’s payout ratio is presently 37.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UI shares. StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Barclays raised their price target on Ubiquiti from $104.00 to $236.00 and gave the company an “underweight” rating in a research report on Monday, November 11th. Finally, BWS Financial upped their price objective on Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.