Thomson Horstmann Bryant Inc Lowers stake in Universal Electronics Inc (UEIC)

Universal Electronics Inc (UEIC) : Thomson Horstmann Bryant Inc reduced its stake in Universal Electronics Inc by 8.65% during the most recent quarter end. The investment management company now holds a total of 221,809 shares of Universal Electronics Inc which is valued at $15,220,534 after selling 21,005 shares in Universal Electronics Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Universal Electronics Inc makes up approximately 1.77% of Thomson Horstmann Bryant Inc’s portfolio.

Universal Electronics Inc opened for trading at $68.44 and hit $69.147 on the upside on Friday, eventually ending the session at $68.62, with a gain of 0.13% or 0.09 points. The heightened volatility saw the trading volume jump to 2,23,390 shares. Company has a market cap of $987 M.

Other Hedge Funds, Including , Simplex Trading added UEIC to its portfolio by purchasing 52 company shares during the most recent quarter which is valued at $3,431.Independent Portfolio Consultants boosted its stake in UEIC in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 280 shares of Universal Electronics Inc which is valued at $18,474. Universal Electronics Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.Capstone Asset Management Co reduced its stake in UEIC by selling 460 shares or 9.4% in the most recent quarter. The Hedge Fund company now holds 4,433 shares of UEIC which is valued at $292,489. Universal Electronics Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in UEIC by selling 67,851 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 2,739,163 shares of UEIC which is valued at $170,348,547. Universal Electronics Inc makes up approx 1.20% of Eagle Asset Management Inc’s portfolio. Creative Planning added UEIC to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $4,042.

On the company’s financial health, Universal Electronics Inc reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $162.10 million for the quarter, compared to analysts expectations of $163.96 million. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Universal Electronics Inc. Universal Electronics Inc was Downgraded by Sidoti to ” Neutral” on Mar 10, 2016.

Universal Electronics Inc. (UEI) develops control technology solutions and manufactures a line of pre-programmed universal remote control products embedded hardware and software and audio-video (AV) accessories for home entertainment systems. The Company’s offerings include pre-programmed universal infrared (IR) and radio frequency (RF) remote controls; audio-video (AV) accessories; integrated circuits on which its software and universal device control database is embedded; software firmware and technology solutions that can enable devices such as TVs 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 and intellectual property which the Company licenses to OEMs software development companies private label customers and subscription broadcasting providers.

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