Universal Electronics Inc. $UEIC Shares Bought by Peapod Lane Capital LLC

Peapod Lane Capital LLC boosted its stake in shares of Universal Electronics Inc. (NASDAQ:UEIC) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,085 shares of the technology company’s stock after buying an additional 15,203 shares during the quarter. Peapod Lane Capital LLC owned 0.96% of Universal Electronics worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Shields & Co. LLC acquired a new position in Universal Electronics during the first quarter worth about $45,000. Jump Financial LLC acquired a new position in Universal Electronics during the first quarter worth about $68,000. Hsbc Holdings PLC acquired a new position in Universal Electronics during the first quarter worth about $118,000. Cubist Systematic Strategies LLC grew its position in Universal Electronics by 62.7% during the first quarter. Cubist Systematic Strategies LLC now owns 32,502 shares of the technology company’s stock worth $199,000 after buying an additional 12,526 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Universal Electronics by 15.6% during the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock worth $222,000 after buying an additional 4,893 shares during the period. 79.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on UEIC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Universal Electronics in a research report on Tuesday, October 14th. Rosenblatt Securities downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Universal Electronics has an average rating of “Hold” and a consensus price target of $11.00.

Universal Electronics Price Performance

Shares of NASDAQ UEIC opened at $4.37 on Friday. Universal Electronics Inc. has a 12-month low of $4.24 and a 12-month high of $12.50. The company has a market capitalization of $58.30 million, a PE ratio of -3.50 and a beta of 1.62. The firm’s 50-day moving average is $4.66 and its two-hundred day moving average is $5.65.

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.