Holdings L.P. Valueact Acquires 10,000 Shares of Unifi, Inc. (UFI) Stock

Unifi, Inc. (NYSE:UFI) Director Holdings L.P. Valueact purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average cost of $26.43 per share, with a total value of $264,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Thursday, November 8th, Holdings L.P. Valueact purchased 26,260 shares of Unifi stock. The stock was acquired at an average cost of $26.48 per share, with a total value of $695,364.80.

Shares of NYSE UFI opened at $26.49 on Friday. Unifi, Inc. has a twelve month low of $22.78 and a twelve month high of $38.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.87. The stock has a market capitalization of $490.02 million, a price-to-earnings ratio of 20.07 and a beta of 0.89.

Unifi (NYSE:UFI) last issued its quarterly earnings results on Tuesday, October 30th. The textile maker reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.17). Unifi had a net margin of 3.53% and a return on equity of 4.46%. The business had revenue of $181.61 million during the quarter, compared to analyst estimates of $170.90 million. On average, equities research analysts forecast that Unifi, Inc. will post 0.72 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new stake in Unifi in the 2nd quarter valued at about $125,000. James Investment Research Inc. acquired a new stake in Unifi in the 2nd quarter valued at about $194,000. Dynamic Technology Lab Private Ltd acquired a new stake in Unifi in the 1st quarter valued at about $203,000. Engineers Gate Manager LP acquired a new stake in Unifi in the 2nd quarter valued at about $213,000. Finally, SG Americas Securities LLC lifted its stake in Unifi by 156.1% during the second quarter. SG Americas Securities LLC now owns 7,089 shares of the textile maker’s stock valued at $225,000 after buying an additional 4,321 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

A number of brokerages have weighed in on UFI. ValuEngine downgraded shares of Unifi from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd.

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Unifi Company Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.

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