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

William Blair Investment Management LLC decreased its position in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,229 shares of the technology company’s stock after selling 171,844 shares during the quarter. William Blair Investment Management LLC owned 2.63% of Universal Electronics worth $3,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its position in Universal Electronics by 2.2% during the fourth quarter. First Eagle Investment Management LLC now owns 163,936 shares of the technology company’s stock valued at $1,803,000 after buying an additional 3,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew 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 purchasing an additional 16,591 shares during the period. Victory Capital Management Inc. grew 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 purchasing an additional 4,297 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Universal Electronics in the fourth quarter valued at approximately $33,000. Finally, Peapod Lane Capital LLC acquired a new position in Universal Electronics during the fourth quarter worth about $1,215,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Universal Electronics Stock Performance

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

Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, February 20th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $110.45 million for the quarter, compared to analysts’ expectations of $102.47 million. Universal Electronics had a negative return on equity of 3.67% and a negative net margin of 6.09%. Analysts forecast that Universal Electronics Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Rosenblatt Securities restated 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.

Universal Electronics 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.