Edgepoint Investment Group INC Boosted Ubiquiti Networks INC (UBNT) Stake by $29.92 Billion

December 8, 2017 - By Louis Casey

Investors sentiment decreased to 0.76 in 2017 Q2. Its down 0.24, from 1 in 2017Q1. It fall, as 25 investors sold UBNT shares while 59 reduced holdings. 25 funds opened positions while 39 raised stakes. 24.58 million shares or 1.67% more from 24.18 million shares in 2017Q1 were reported. Manufacturers Life Ins Com The reported 0% stake. Bluemountain Capital Ltd Liability Com reported 0% of its portfolio in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Barclays Public Ltd reported 0% stake. The United Kingdom-based Ahl Prtn Llp has invested 0.03% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). 60,867 are owned by Commercial Bank Of Montreal Can. Ing Groep Nv, a Netherlands-based fund reported 21,000 shares. 500 were accumulated by Fifth Third Comml Bank. Walleye Trading Limited Liability holds 19,434 shares. Federated Investors Pa has 757 shares for 0% of their portfolio. California Pub Employees Retirement System owns 85,900 shares for 0.01% of their portfolio. Cypress Lc (Wy) invested 0% in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Alps Advsr has 0% invested in Ubiquiti Networks, Inc. (NASDAQ:UBNT). Guggenheim Limited Co reported 0% stake. Lagoda Invest LP holds 455,894 shares. Sei Invs holds 264,076 shares.

Edgepoint Investment Group Inc increased its stake in Ubiquiti Networks Inc (UBNT) by 10.01% based on its latest 2017Q2 regulatory filing with the SEC. Edgepoint Investment Group Inc bought 575,640 shares as the company’s stock declined 0.41% while stock markets rallied. The institutional investor held 6.33M shares of the technology company at the end of 2017Q2, valued at $328.72B, up from 5.75M at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Ubiquiti Networks Inc for a number of months, seems to be bullish on the $5.23 billion market cap company. The stock increased 0.84% or $0.56 during the last trading session, reaching $67.23. About 418,984 shares traded. Ubiquiti Networks, Inc. (NASDAQ:UBNT) has risen 29.84% since December 8, 2016 and is uptrending. It has outperformed by 13.14% the S&P500.

Edgepoint Investment Group Inc, which manages about $6.32B US Long portfolio, decreased its stake in Anthem Inc (NYSE:ANTM) by 11,614 shares to 2.22M shares, valued at $417.80 billion in 2017Q2, according to the filing. It also reduced its holding in Wesco Intl Inc (NYSE:WCC) by 19,083 shares in the quarter, leaving it with 4.21M shares, and cut its stake in Alere Inc (NYSE:ALR).

More notable recent Ubiquiti Networks, Inc. (NASDAQ:UBNT) news were published by: Seekingalpha.com which released: “Ubiquiti Networks -6.4% as guidance rains on Q1 beat” on November 09, 2017, also Seekingalpha.com with their article: “Ubiquiti: More Transparency Is Still Needed” published on October 05, 2017, Fool.com published: “Why Ubiquiti Networks Inc. Stock Plunged Today” on February 10, 2017. More interesting news about Ubiquiti Networks, Inc. (NASDAQ:UBNT) were released by: Fool.com and their article: “Why Ubiquiti Networks, Inc. Stock Plunged Today” published on September 18, 2017 as well as Fortune.com‘s news article titled: “Fraudsters duped this company into handing over $40 million” with publication date: August 10, 2015.

Ubiquiti Networks, Inc. (NASDAQ:UBNT) Ratings Coverage

Among 9 analysts covering Ubiquiti Networks Inc (NASDAQ:UBNT), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Ubiquiti Networks Inc had 26 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Thursday, September 17 by BMO Capital Markets. The stock of Ubiquiti Networks, Inc. (NASDAQ:UBNT) earned “Buy” rating by Wunderlich on Friday, August 5. The firm earned “Underperform” rating on Monday, September 21 by BMO Capital Markets. The firm has “Underperform” rating given on Friday, February 10 by Credit Suisse. As per Friday, November 4, the company rating was maintained by Wunderlich. The stock has “Market Perform” rating by BMO Capital Markets on Friday, May 6. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 7 report. The stock of Ubiquiti Networks, Inc. (NASDAQ:UBNT) has “Mkt Perform” rating given on Friday, February 5 by Raymond James. The rating was downgraded by Zacks on Thursday, August 13 to “Buy”. The firm has “Mkt Underperform” rating given on Monday, October 19 by JMP Securities.

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