22Nw LP bought a new position in Unifi, Inc. (NYSE:UFI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 233,777 shares of the textile maker's stock, valued at approximately $1,461,000. Unifi makes up 1.0% of 22Nw LP's investment portfolio, making the stock its 15th largest holding. 22Nw LP owned approximately 1.28% of Unifi at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker's stock valued at $82,000 after buying an additional 10,973 shares in the last quarter. Barclays PLC lifted its position in Unifi by 778.3% in the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker's stock valued at $85,000 after acquiring an additional 10,172 shares in the last quarter. Virtu Financial LLC acquired a new position in Unifi during the 3rd quarter valued at about $128,000. OneDigital Investment Advisors LLC increased its holdings in Unifi by 53.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock worth $144,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Unifi by 22.4% in the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock worth $407,000 after purchasing an additional 11,919 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Unifi from a "hold" rating to a "sell" rating in a research report on Tuesday.
Read Our Latest Stock Report on UFI
Insider Buying and Selling at Unifi
In other news, Director Kenneth G. Langone bought 16,097 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the purchase, the director now directly owns 2,352,000 shares in the company, valued at $13,053,600. This represents a 0.69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 17.85% of the company's stock.
Unifi Stock Performance
NYSE UFI opened at $5.12 on Friday. The company has a fifty day moving average price of $5.04 and a 200-day moving average price of $5.64. The firm has a market cap of $93.94 million, a price-to-earnings ratio of -2.80 and a beta of 0.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 1.46. Unifi, Inc. has a 1 year low of $4.25 and a 1 year high of $7.91.
Unifi (NYSE:UFI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.83) by $0.07. Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. The business had revenue of $146.56 million during the quarter, compared to the consensus estimate of $145.28 million. As a group, equities research analysts predict that Unifi, Inc. will post -2.25 EPS for the current fiscal year.
Unifi Company Profile
(
Free Report)
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.
See Also
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