Universal Electronics Inc. (NASDAQ:UEIC) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 33.5% during the third quarter, Holdings Channel reports. The firm owned 21,943 shares of the technology company’s stock after acquiring an additional 5,512 shares during the quarter. Barclays PLC’s holdings in Universal Electronics were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Universal Electronics in the 2nd quarter worth about $122,000. Jane Street Group LLC acquired a new stake in shares of Universal Electronics in the 3rd quarter worth about $163,000. Sei Investments Co. acquired a new stake in shares of Universal Electronics in the 2nd quarter worth about $212,000. Empowered Funds LLC increased its holdings in shares of Universal Electronics by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 42,980 shares of the technology company’s stock worth $397,000 after acquiring an additional 2,144 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Universal Electronics by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 53,703 shares of the technology company’s stock worth $496,000 after acquiring an additional 2,203 shares during the period. 79.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Paul D. Arling sold 13,185 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $11.73, for a total transaction of $154,660.05. Following the completion of the transaction, the chief executive officer now owns 283,615 shares in the company, valued at approximately $3,326,803.95. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Edward K. Zinser sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.68, for a total transaction of $26,700.00. Following the transaction, the director now owns 38,062 shares of the company’s stock, valued at approximately $406,502.16. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Rosenblatt Securities raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, November 8th. B. Riley raised shares of Universal Electronics from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $14.00 in a research note on Monday, November 11th. Finally, StockNews.com cut shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th.

Universal Electronics Trading Down 2.7 %

Universal Electronics stock opened at $10.43 on Tuesday. The stock has a market cap of $135.88 million, a price-to-earnings ratio of -5.09 and a beta of 1.20. The company’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $10.14. Universal Electronics Inc. has a 52 week low of $7.53 and a 52 week high of $14.20.

Universal Electronics Company Profile

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.