The Manufacturers Life Insurance Company boosted its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC – Get Rating) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 685,501 shares of the technology company’s stock after buying an additional 115,822 shares during the period. The Manufacturers Life Insurance Company owned approximately 5.42% of Universal Electronics worth $13,484,000 as of its most recent SEC filing.
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Other large investors also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in Universal Electronics during the second quarter valued at $26,000. MetLife Investment Management LLC lifted its stake in Universal Electronics by 59.9% during the first quarter. MetLife Investment Management LLC now owns 7,056 shares of the technology company’s stock worth $220,000 after purchasing an additional 2,644 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Universal Electronics by 29.4% during the second quarter. Goldman Sachs Group Inc. now owns 10,548 shares of the technology company’s stock worth $270,000 after purchasing an additional 2,398 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Universal Electronics by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,295 shares of the technology company’s stock worth $353,000 after purchasing an additional 1,392 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Universal Electronics by 13.7% during the first quarter. Citigroup Inc. now owns 11,425 shares of the technology company’s stock worth $357,000 after purchasing an additional 1,381 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.
Universal Electronics Trading Down 0.5 %
NASDAQ UEIC opened at $22.47 on Friday. Universal Electronics Inc. has a 1-year low of $16.56 and a 1-year high of $37.40. The stock has a 50-day moving average of $22.11 and a 200-day moving average of $22.10. The firm has a market cap of $284.92 million, a PE ratio of 280.91 and a beta of 1.10.
Universal Electronics (NASDAQ:UEIC – Get Rating) last released its earnings results on Thursday, November 3rd. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Universal Electronics had a return on equity of 0.36% and a net margin of 0.17%. The company had revenue of $148.48 million during the quarter, compared to analyst estimates of $145.87 million. As a group, equities research analysts forecast that Universal Electronics Inc. will post 0.69 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Universal Electronics from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 7th.
Universal Electronics Company Profile
Universal Electronics Inc designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets.
Further Reading
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