Range Financial Group LLC Acquires New Position in Ubiquiti Inc. $UI

Range Financial Group LLC acquired a new stake in Ubiquiti Inc. (NYSE:UI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,222 shares of the company’s stock, valued at approximately $1,468,000.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in shares of Ubiquiti by 31.0% in the third quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock worth $50,000 after acquiring an additional 18 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Ubiquiti by 1,075.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 86 shares during the last quarter. Main Street Group LTD purchased a new stake in shares of Ubiquiti during the 2nd quarter worth about $41,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Ubiquiti during the 2nd quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its stake in shares of Ubiquiti by 20.5% in the 2nd quarter. GAMMA Investing LLC now owns 159 shares of the company’s stock valued at $65,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

Ubiquiti Stock Performance

Ubiquiti stock opened at $568.24 on Tuesday. Ubiquiti Inc. has a 52 week low of $255.00 and a 52 week high of $803.59. The firm has a market capitalization of $34.38 billion, a PE ratio of 43.44 and a beta of 1.38. The business’s 50-day simple moving average is $614.03 and its 200-day simple moving average is $549.93.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, November 7th. The company reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.98. Ubiquiti had a return on equity of 132.71% and a net margin of 28.72%.The firm had revenue of $733.77 million for the quarter, compared to analyst estimates of $702.38 million. Research analysts forecast that Ubiquiti Inc. will post 7.21 earnings per share for the current year.

Ubiquiti Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 17th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 17th. Ubiquiti’s dividend payout ratio is presently 24.46%.

Insiders Place Their Bets

In other Ubiquiti news, CAO Kevin Radigan sold 350 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $576.58, for a total value of $201,803.00. Following the sale, the chief accounting officer directly owned 2,768 shares in the company, valued at $1,595,973.44. This trade represents a 11.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 93.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Ubiquiti from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings cut shares of Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, December 22nd. BWS Financial restated a “buy” rating and set a $720.00 target price on shares of Ubiquiti in a report on Tuesday, November 11th. Barclays upped their price target on Ubiquiti from $299.00 to $455.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 11th. Finally, Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $591.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.