Great West Life Assurance Co. Can Sells 762 Shares of Universal Electronics Inc (NASDAQ:UEIC)

Great West Life Assurance Co. Can lessened its holdings in Universal Electronics Inc (NASDAQ:UEIC) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,661 shares of the technology company’s stock after selling 762 shares during the quarter. Great […]

Great West Life Assurance Co. Can lessened its holdings in Universal Electronics Inc (NASDAQ:UEIC) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,661 shares of the technology company’s stock after selling 762 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Universal Electronics were worth $826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Universal Electronics by 206.7% during the 1st quarter. JPMorgan Chase & Co. now owns 47,369 shares of the technology company’s stock worth $1,818,000 after buying an additional 31,923 shares in the last quarter. Legal & General Group Plc grew its position in shares of Universal Electronics by 0.9% during the 1st quarter. Legal & General Group Plc now owns 36,302 shares of the technology company’s stock worth $1,393,000 after buying an additional 318 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Universal Electronics by 39.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,171 shares of the technology company’s stock worth $237,000 after buying an additional 1,761 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Universal Electronics by 9.6% during the 1st quarter. AQR Capital Management LLC now owns 107,109 shares of the technology company’s stock worth $4,110,000 after buying an additional 9,414 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Universal Electronics by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 11,673 shares of the technology company’s stock worth $448,000 after buying an additional 583 shares in the last quarter.

Shares of UEIC stock opened at $37.74 on Thursday. Universal Electronics Inc has a 1-year low of $29.50 and a 1-year high of $60.00. The stock’s 50-day moving average is $40.65 and its 200 day moving average is $41.88. The company has a market cap of $525.79 million, a P/E ratio of 17.89, a PEG ratio of 1.23 and a beta of 1.04.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.29. Universal Electronics had a return on equity of 10.97% and a net margin of 4.40%. The company had revenue of $153.13 million during the quarter, compared to analysts’ expectations of $150.64 million. On average, sell-side analysts predict that Universal Electronics Inc will post 2.04 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. TheStreet downgraded Universal Electronics from a “b-” rating to a “c+” rating in a research report on Thursday, September 3rd. Zacks Investment Research downgraded Universal Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, August 13th. Finally, BidaskClub raised Universal Electronics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.00.

Universal Electronics Company Profile

Universal Electronics Inc develops and manufactures pre-programmed and universal control products, audio-video (AV) accessories, software and intelligent wireless security products, and sensing and automation components for home entertainment and automation systems. The company offers universal infrared and radio frequency (RF) remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions that enable devices, including televisions, set-top boxes, audio systems, smartphones, tablets, game controllers, and other consumer electronic devices to wirelessly connect and interact with home networks, as well as interactive services to control and deliver digital entertainment and information.

See Also: The benefits and drawbacks of dollar cost averaging

Want to see what other hedge funds are holding UEIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Universal Electronics Inc (NASDAQ:UEIC).

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

Receive News & Ratings for Universal Electronics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Universal Electronics and related companies with MarketBeat.com’s FREE daily email newsletter.

Source Article

Next Post

SPDR Technology Select Sector Fund ETF (ETF:XLK), (XLC) - 3 Sector ETFs To Play For A Biden-Harris Win

Election Day is less than two months away and with that in mind, now is an excellent time for investors to consider sector-level implications of two the possible outcomes of this year’s presidential election. Those implications run deeper than simply assuming a Biden-Harris Administration would be bad for fossil fuels […]