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M&T Bank Corp Buys 97,287 Shares of Ubiquiti Inc. $UI
M&T Bank Corp significantly increased its stake in Ubiquiti Inc. (NYSE:UI) in the fourth quarter of 202X, acquiring 97,287 additional shares to hold a total of 98,527 shares valued at $54.52 million. This growth in institutional investment follows Ubiquiti’s strong quarterly earnings report, where the company surpassed analyst expectations with an EPS of $3.88 and revenue of $814.87 million, marking a 35.8% year-over-year increase. Analysts generally rate Ubiquiti as a “Moderate Buy,” with an average price target of $702.33.