Universal Electronics Inc. (NASDAQ:UEIC) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in Universal Electronics Inc. (NASDAQ:UEIC) by 33.4% during the 4th quarter, Holdings Channel reports. The fund owned 343,229 shares of the technology company’s stock after selling 171,844 shares during the quarter. William Blair Investment Management LLC’s holdings in Universal Electronics were worth $3,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UEIC. First Eagle Investment Management LLC raised its position in Universal Electronics by 2.2% in the 4th quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company’s stock valued at $1,803,000 after purchasing an additional 3,500 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Universal Electronics in the 4th quarter valued at about $1,215,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Universal Electronics by 25.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,570 shares of the technology company’s stock valued at $908,000 after acquiring an additional 16,591 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Universal Electronics by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 58,000 shares of the technology company’s stock valued at $638,000 after acquiring an additional 4,297 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Universal Electronics by 4.7% in the fourth quarter. Empowered Funds LLC now owns 45,014 shares of the technology company’s stock valued at $495,000 after acquiring an additional 2,034 shares in the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $6.79 on Thursday. Universal Electronics Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $14.20. The firm has a market capitalization of $89.03 million, a PE ratio of -3.67, a price-to-earnings-growth ratio of 3.62 and a beta of 1.21. The stock’s 50-day simple moving average is $9.05 and its 200-day simple moving average is $9.53.

Universal Electronics (NASDAQ:UEIC) last released its quarterly earnings data on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. The company had revenue of $110.45 million for the quarter, compared to analyst estimates of $102.47 million. On average, sell-side analysts forecast that Universal Electronics Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UEIC shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 target price on shares of Universal Electronics in a report on Friday, February 21st. StockNews.com lowered shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 1st.

About Universal Electronics

Universal Electronics Inc designs, develops, manufactures, ships, and supports control and sensor technology solutions in the United States, the People’s Republic of China, rest of Asia, Europe, Latin America, and internationally. The company offers voice-enabled automatically-programmed universal two-way radio frequency, as well as infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers; wall-mount and handheld thermostat controllers and connected accessories for smart energy management systems to OEM customers, hotels, hospitality, and system integrators; proprietary and standards-based RF sensors for residential security, safety, and home automation applications; and integrated circuits on which its software and universal device control database is embedded to OEMs, video service providers, and private label customers.