Victory Capital Management Inc. increased its holdings in Unifi, Inc. (NYSE:UFI) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,570,759 shares of the textile maker’s stock after buying an additional 136,309 shares during the period. Victory Capital Management Inc. owned 0.09% of Unifi worth $44,500,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in UFI. Principal Financial Group Inc. raised its stake in shares of Unifi by 2.6% during the first quarter. Principal Financial Group Inc. now owns 130,434 shares of the textile maker’s stock worth $4,728,000 after purchasing an additional 3,304 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Unifi during the second quarter worth approximately $194,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Unifi during the second quarter worth approximately $125,000. First Trust Advisors LP raised its stake in shares of Unifi by 18.2% during the second quarter. First Trust Advisors LP now owns 19,324 shares of the textile maker’s stock worth $613,000 after purchasing an additional 2,979 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its stake in shares of Unifi by 9.7% during the second quarter. IndexIQ Advisors LLC now owns 60,343 shares of the textile maker’s stock worth $1,913,000 after purchasing an additional 5,344 shares during the last quarter. Institutional investors own 80.09% of the company’s stock.
Several equities research analysts have recently commented on UFI shares. ValuEngine cut Unifi from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a research note on Saturday, November 3rd.
NYSE:UFI opened at $26.49 on Friday. The firm has a market capitalization of $495.35 million, a price-to-earnings ratio of 28.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.52 and a quick ratio of 1.87. Unifi, Inc. has a 1 year low of $22.78 and a 1 year high of $38.65.
Unifi (NYSE:UFI) last released its quarterly earnings data on Tuesday, October 30th. The textile maker reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.17). The business had revenue of $181.61 million during the quarter, compared to analysts’ expectations of $170.90 million. Unifi had a return on equity of 4.46% and a net margin of 3.53%. As a group, sell-side analysts anticipate that Unifi, Inc. will post 0.72 EPS for the current year.
In other Unifi news, insider Spring Master Fund L. Valueact acquired 43,360 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was purchased at an average price of $26.45 per share, for a total transaction of $1,146,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Bishop acquired 7,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was acquired at an average price of $31.99 per share, with a total value of $223,930.00. Following the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $329,113.12. The disclosure for this purchase can be found here. Insiders acquired 114,579 shares of company stock valued at $3,221,975 in the last quarter. 22.41% of the stock is currently owned by company insiders.
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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