Walleye Capital LLC Has $578,000 Stock Holdings in Universal Electronics Inc. (NASDAQ:UEIC)

Walleye Capital LLC raised its stake in Universal Electronics Inc. (NASDAQ:UEICGet Rating) by 188.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,494 shares of the technology company’s stock after purchasing an additional 12,089 shares during the period. Walleye Capital LLC’s holdings in Universal Electronics were worth $578,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eaton Vance Management grew its stake in Universal Electronics by 2.3% in the 4th quarter. Eaton Vance Management now owns 15,254 shares of the technology company’s stock valued at $599,000 after buying an additional 337 shares during the last quarter. Palouse Capital Management Inc. grew its position in shares of Universal Electronics by 8.2% in the first quarter. Palouse Capital Management Inc. now owns 9,016 shares of the technology company’s stock valued at $282,000 after purchasing an additional 684 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Universal Electronics by 7.2% during the first quarter. Synovus Financial Corp now owns 13,197 shares of the technology company’s stock worth $407,000 after purchasing an additional 882 shares during the period. SG Americas Securities LLC grew its holdings in Universal Electronics by 24.7% in the 1st quarter. SG Americas Securities LLC now owns 5,251 shares of the technology company’s stock valued at $164,000 after buying an additional 1,040 shares in the last quarter. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of Universal Electronics by 4.3% during the first quarter. Wellington Shields & Co. LLC now owns 29,546 shares of the technology company’s stock worth $923,000 after buying an additional 1,229 shares in the last quarter. 86.99% of the stock is owned by institutional investors.

Universal Electronics Stock Performance

Shares of NASDAQ UEIC opened at $18.88 on Thursday. Universal Electronics Inc. has a 52 week low of $18.59 and a 52 week high of $51.75. The stock’s fifty day moving average is $23.89 and its 200 day moving average is $27.03. The stock has a market capitalization of $238.91 million, a P/E ratio of -33.71 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Rosenblatt Securities began coverage on shares of Universal Electronics in a research report on Monday, July 11th. They set a “buy” rating and a $40.00 price target on the stock. B. Riley lowered their target price on shares of Universal Electronics from $53.00 to $43.00 in a report on Friday, August 5th.

Universal Electronics Company Profile

(Get Rating)

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.

See Also

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

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