105K shares changed hands on Tuesday. Volume was up 108.91% over the stocks average daily volume.
Investors are more bearish on shares of the company lately if you pay attention to the rise in short interest. The firm saw a rise in short interest of 2.84% as of the latest report on October 13, 2017. Short shares grew 22,460 over that period. The short-interest ratio decreased to 17.0 and the short interest percentage is 0.06% as of October 13.
There has been some buying insider activity on Universal Electronics Inc. (NASDAQ:UEIC) recently. Director William C. Mulligan disclosed the purchase of 5,000 shares of UEIC stock. The shares were bought on August 23rd for an average price of $55.90. Mulligan now owns $1,171,888 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. As of quarter end First Trust Advisors Lp had bought 118 shares growing its stake by 2.7%. The value of the investment in (UEIC) went from $296,000 to $289,000 a change of $7,000 quarter over quarter. As of the end of the quarter Nationwide Fund Advisors had disposed of a total of 278 shares trimming its holdings by 3.4%. The value of the total investment in Universal Electronics Inc. decreased from $541,000 to $495,000 decreasing 8.5% for the reporting period.
Northpointe Capital LLC reduced its ownership by selling 17,571 shares a decrease of 18.7%. Northpointe Capital LLC owns 76,221 shares valued at $4,832,000. The value of the position overall is down by 22.9%. Aperio Group, LLC cut its position by shedding 95 shares a decrease of 2.0% from 06/30/2017 to 09/30/2017. Aperio Group, LLC currently owns 4,606 shares worth $292,000. The total value of its holdings decreased 7.0%.
In the market the company is trading down by 0.83% percent from yesterday’s close. Company shares are trading at $60.00 which is a tad under $62.72, the stock’s 50 day moving average and barely below the 200 day moving average of $64.10. The 50 day moving average went down by -4.34% and the 200 day average was down $-4.10.
The P/E ratio is currently 55.50 and the market cap is 864.06M. As of the last earnings report the EPS was $1.08 and is expected to be $3.14 for the current year with 14,401,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.86 and the next full year EPS is projected to be $3.95.
Universal Electronics Inc. (UEI), launched on November 21, 1986, develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video (AV) accessories, and intelligent wireless security and automation components. The Business’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls that are sold primarily to subscription broadcasting providers (cable, satellite and Internet Protocol television (IPTV)), original equipment manufacturers (OEMs), retailers, and private label customers, and integrated circuits, on which its software and universal device control database is embedded, sold primarily to OEMs, subscription broadcasting providers, and private label customers. Its offerings also include software, firmware and technology solutions that enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information; intellectual property, which it licenses primarily to OEMs, software development companies, private label customers, and subscription broadcasting providers; RF sensors designed for residential security, safety and automation applications, and AV accessories sold, directly and indirectly, to consumers..Advertisement