BNP Paribas Arbitrage SA boosted its position in Unifi, Inc. (NYSE:UFI) by 83.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,505 shares of the textile maker’s stock after purchasing an additional 3,877 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Unifi were worth $303,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Texas Permanent School Fund increased its holdings in shares of Unifi by 1.0% during the second quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock valued at $344,000 after acquiring an additional 106 shares in the last quarter. Rhumbline Advisers increased its holdings in Unifi by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 30,539 shares of the textile maker’s stock worth $941,000 after buying an additional 313 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Unifi by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,053 shares of the textile maker’s stock worth $402,000 after buying an additional 380 shares during the period. Thrivent Financial For Lutherans increased its holdings in Unifi by 6.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,210 shares of the textile maker’s stock worth $284,000 after buying an additional 520 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Unifi by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 60,153 shares of the textile maker’s stock worth $1,853,000 after buying an additional 734 shares during the period. Institutional investors and hedge funds own 78.30% of the company’s stock.
In other Unifi news, Director Robert J. Bishop bought 5,427 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $34.76 per share, for a total transaction of $188,642.52. Following the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $357,610.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Bishop acquired 5,742 shares of Unifi stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $36.53 per share, with a total value of $209,755.26. Following the completion of the purchase, the director now owns 10,288 shares in the company, valued at approximately $375,820.64. The disclosure for this purchase can be found here. Insiders have bought a total of 17,118 shares of company stock worth $622,913 in the last quarter. Insiders own 15.40% of the company’s stock.
Unifi, Inc. (NYSE:UFI) traded down $0.94 during trading on Wednesday, reaching $34.74. The company’s stock had a trading volume of 55,000 shares, compared to its average volume of 67,253. Unifi, Inc. has a 1-year low of $26.02 and a 1-year high of $39.21. The stock has a market cap of $651.81, a price-to-earnings ratio of 19.39 and a beta of 0.84. The company has a current ratio of 3.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.29.
Unifi (NYSE:UFI) last announced its earnings results on Monday, October 23rd. The textile maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The firm had revenue of $164.24 million for the quarter, compared to analyst estimates of $163.42 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue was up 2.7% on a year-over-year basis. sell-side analysts forecast that Unifi, Inc. will post 1.98 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, CJS Securities started coverage on shares of Unifi in a report on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 price target on the stock.
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Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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