Ubiquiti Networks Inc (UBNT) : New Amsterdam Partnersny reduced its stake in Ubiquiti Networks Inc by 5.77% during the most recent quarter end. The investment management company now holds a total of 240,905 shares of Ubiquiti Networks Inc which is valued at $10,732,318 after selling 14,747 shares in Ubiquiti Networks Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Ubiquiti Networks Inc makes up approximately 2.49% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Trimtabs Asset Management reduced its stake in UBNT by selling 5,135 shares or 10.4% in the most recent quarter. The Hedge Fund company now holds 44,230 shares of UBNT which is valued at $1,970,447. Ubiquiti Networks Inc makes up approx 1.23% of Trimtabs Asset Management’s portfolio.Lucus Advisors reduced its stake in UBNT by selling 6,807 shares or 42.98% in the most recent quarter. The Hedge Fund company now holds 9,032 shares of UBNT which is valued at $397,679. Ubiquiti Networks Inc makes up approx 0.31% of Lucus Advisors’s portfolio. Fox Run Management L.l.c. sold out all of its stake in UBNT during the most recent quarter. The investment firm sold 7,600 shares of UBNT which is valued $317,832.Taube Hodson Stonex Partners Llp reduced its stake in UBNT by selling 74,336 shares or 11.1% in the most recent quarter. The Hedge Fund company now holds 595,597 shares of UBNT which is valued at $23,871,528. Ubiquiti Networks Inc makes up approx 4.69% of Taube Hodson Stonex Partners Llp’s portfolio.Cutler Group Lp boosted its stake in UBNT in the latest quarter, The investment management firm added 1,679 additional shares and now holds a total of 2,439 shares of Ubiquiti Networks Inc which is valued at $97,340. Ubiquiti Networks Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.
Ubiquiti Networks Inc opened for trading at $44.38 and hit $45.74 on the upside on Thursday, eventually ending the session at $45.06, with a gain of 1.14% or 0.51 points. The heightened volatility saw the trading volume jump to 8,15,310 shares. Company has a market cap of $3,736 M.
On the company’s financial health, Ubiquiti Networks Inc reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.64. The company had revenue of $185.70 million for the quarter, compared to analysts expectations of $174.47 million. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Many Wall Street Analysts have commented on Ubiquiti Networks Inc. Company shares were Upgraded by BMO Capital Markets on May 6, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 37 from a previous price target of $30 .Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .
Ubiquiti Networks Inc. develops high performance networking technology for service providers and enterprises. The Companys technology platforms for service providers enable carrier-class network infrastructure for fixed wireless broadband wireless backhaul systems and routing. The Companys technology platforms for enterprises enable wireless local area network (WLAN) infrastructure video surveillance products and machine-to-machine communications. The Company offers products and solutions based on its proprietary technology with disruptive price-performance characteristics across multiple markets.