Wellington Shields & Co. LLC Decreases Stake in Universal Electronics Inc. (NASDAQ:UEIC)


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Wellington Shields & Co. LLC decreased its position in Universal Electronics Inc. (NASDAQ:UEIC) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,942 shares of the technology company’s stock after selling 2,500 shares during the period. Wellington Shields & Co. LLC owned 0.22% of Universal Electronics worth $1,571,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in shares of Universal Electronics during the 3rd quarter valued at approximately $242,000. Ziegler Capital Management LLC bought a new position in shares of Universal Electronics during the 3rd quarter valued at approximately $677,000. Clear Harbor Asset Management LLC bought a new position in shares of Universal Electronics during the 3rd quarter valued at approximately $38,000. BNP Paribas Arbitrage SA grew its position in shares of Universal Electronics by 170.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,326 shares of the technology company’s stock valued at $163,000 after acquiring an additional 2,724 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Universal Electronics by 2.7% in the 3rd quarter. California Public Employees Retirement System now owns 30,587 shares of the technology company’s stock worth $1,154,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Shares of Universal Electronics stock traded down $0.52 on Tuesday, hitting $58.95. 1,164 shares of the company traded hands, compared to its average volume of 58,097. The firm’s 50-day simple moving average is $56.79 and its 200 day simple moving average is $47.52. The company has a market cap of $810.56 million, a P/E ratio of 25.31, a P/E/G ratio of 1.23 and a beta of 1.27. Universal Electronics Inc. has a 12-month low of $29.50 and a 12-month high of $61.00.

Universal Electronics (NASDAQ:UEIC) last issued its earnings results on Wednesday, February 17th. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. Universal Electronics had a net margin of 5.28% and a return on equity of 11.87%. Research analysts forecast that Universal Electronics Inc. will post 1.75 EPS for the current year.

Several research analysts recently commented on UEIC shares. B. Riley raised their price objective on shares of Universal Electronics from $63.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of Universal Electronics from a “sell” rating to a “hold” rating in a research report on Tuesday, February 9th. Finally, TheStreet upgraded shares of Universal Electronics from a “c+” rating to a “b-” rating in a research report on Friday, December 11th.

In related news, Director Edward K. Zinser sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $52.11, for a total transaction of $260,550.00. Following the sale, the director now owns 22,500 shares of the company’s stock, valued at $1,172,475. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.09% of the company’s stock.

Universal Electronics Profile

Universal Electronics Inc designs, develops, and manufactures pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for consumer electronics, subscription broadcasting, home entertainment, automation, security, and hospitality and climate control markets.

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Institutional Ownership by Quarter for Universal Electronics (NASDAQ:UEIC)

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