Universal Electronics Inc. (NASDAQ:UEIC) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,175 shares of the technology company’s stock after purchasing an additional 10,096 shares during the quarter. First Eagle Investment Management LLC’s holdings in Universal Electronics were worth $2,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Marquette Asset Management LLC purchased a new position in Universal Electronics during the first quarter valued at approximately $159,000. Howland Capital Management LLC raised its position in Universal Electronics by 20.9% during the fourth quarter. Howland Capital Management LLC now owns 21,042 shares of the technology company’s stock valued at $198,000 after acquiring an additional 3,642 shares in the last quarter. Empowered Funds LLC raised its position in Universal Electronics by 8.0% during the first quarter. Empowered Funds LLC now owns 37,956 shares of the technology company’s stock valued at $380,000 after acquiring an additional 2,800 shares in the last quarter. Quadrature Capital Ltd raised its position in Universal Electronics by 4.9% during the fourth quarter. Quadrature Capital Ltd now owns 41,085 shares of the technology company’s stock valued at $387,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Trexquant Investment LP raised its position in Universal Electronics by 7.1% during the fourth quarter. Trexquant Investment LP now owns 58,135 shares of the technology company’s stock valued at $546,000 after acquiring an additional 3,873 shares in the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Analyst Ratings Changes

UEIC has been the subject of a number of recent analyst reports. B. Riley boosted their price objective on Universal Electronics from $10.50 to $11.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Rosenblatt Securities restated a “neutral” rating and issued a $15.00 price objective on shares of Universal Electronics in a research report on Friday, May 3rd.

Universal Electronics Stock Performance

Shares of NASDAQ:UEIC traded up $0.04 during trading on Friday, reaching $11.96. The stock had a trading volume of 26,214 shares, compared to its average volume of 53,746. The business has a fifty day moving average price of $11.69 and a 200-day moving average price of $10.27. The stock has a market cap of $154.16 million, a PE ratio of -3.39 and a beta of 1.13. Universal Electronics Inc. has a 1-year low of $7.02 and a 1-year high of $14.20.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.05. Universal Electronics had a negative return on equity of 22.59% and a negative net margin of 11.27%. The company had revenue of $91.90 million for the quarter, compared to analyst estimates of $90.55 million. Sell-side analysts expect that Universal Electronics Inc. will post -0.38 earnings per share for the current year.

Universal Electronics Company Profile

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People's Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.