Two Sigma Securities LLC Takes $38,000 Position in uCloudlink Group Inc. (NASDAQ:UCL)

Two Sigma Securities LLC purchased a new position in uCloudlink Group Inc. (NASDAQ:UCL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,172 shares of the company’s stock, valued at approximately $38,000.

Separately, XTX Topco Ltd acquired a new stake in shares of uCloudlink Group in the fourth quarter valued at about $26,000. 85.54% of the stock is owned by institutional investors and hedge funds.

uCloudlink Group Stock Down 0.9 %

UCL opened at $1.14 on Friday. The company has a market cap of $43.09 million, a PE ratio of 10.36 and a beta of 4.01. uCloudlink Group Inc. has a twelve month low of $0.80 and a twelve month high of $3.30. The company has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.31.

uCloudlink Group (NASDAQ:UCL) last announced its earnings results on Thursday, March 13th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. uCloudlink Group had a return on equity of 22.48% and a net margin of 4.84%. The business had revenue of $25.96 million during the quarter, compared to analysts’ expectations of $25.15 million. As a group, sell-side analysts expect that uCloudlink Group Inc. will post 0.1 earnings per share for the current year.

uCloudlink Group Company Profile

uCloudlink Group Inc operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies.