Howland Capital Management LLC Has $198,000 Stake in Universal Electronics Inc. (NASDAQ:UEIC)

Howland Capital Management LLC increased its position in shares of Universal Electronics Inc. (NASDAQ:UEICFree Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,042 shares of the technology company’s stock after buying an additional 3,642 shares during the period. Howland Capital Management LLC’s holdings in Universal Electronics were worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC acquired a new position in Universal Electronics during the third quarter worth $1,400,000. Assenagon Asset Management S.A. increased its holdings in Universal Electronics by 188.1% during the third quarter. Assenagon Asset Management S.A. now owns 168,140 shares of the technology company’s stock worth $1,522,000 after buying an additional 109,775 shares during the last quarter. Barclays PLC increased its holdings in Universal Electronics by 58.2% during the third quarter. Barclays PLC now owns 25,988 shares of the technology company’s stock worth $235,000 after buying an additional 9,557 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Universal Electronics by 129.3% during the third quarter. Quadrature Capital Ltd now owns 39,149 shares of the technology company’s stock worth $354,000 after buying an additional 22,075 shares during the last quarter. Finally, Ancora Advisors LLC acquired a new position in Universal Electronics during the third quarter worth $1,486,000. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on UEIC. B. Riley upped their price objective on shares of Universal Electronics from $9.00 to $10.50 and gave the company a “neutral” rating in a report on Friday, February 16th. StockNews.com upgraded shares of Universal Electronics from a “hold” rating to a “buy” rating in a report on Friday, March 15th.

Check Out Our Latest Report on UEIC

Universal Electronics Price Performance

Shares of NASDAQ:UEIC traded up $0.16 on Wednesday, hitting $10.15. The company had a trading volume of 5,281 shares, compared to its average volume of 43,562. Universal Electronics Inc. has a 1-year low of $7.02 and a 1-year high of $11.84. The stock has a 50 day moving average price of $9.01 and a 200 day moving average price of $8.63.

Universal Electronics (NASDAQ:UEICGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The technology company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.28). Universal Electronics had a negative net margin of 23.36% and a negative return on equity of 25.49%. The company had revenue of $97.59 million during the quarter, compared to analyst estimates of $97.52 million. Equities analysts expect that Universal Electronics Inc. will post -0.31 earnings per share for the current year.

Universal Electronics Profile

(Free Report)

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.

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

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