Unifi, Inc. $UFI Shares Bought by 22NW LP

Key Points

• 22NW LP significantly increased its investment in Unifi, Inc. by 212.9%, acquiring an additional 497,758 shares and owning a total of 731,535 shares, which now represents 2.7% of their portfolio.
• Institutional investors collectively own 67.67% of Unifi's stock, with several firms like OneDigital Investment Advisors and Northern Trust Corp also increasing their stakes recently.
• Wall Street analysts have downgraded Unifi from a "hold" to a "sell" rating, despite the company recently beating earnings per share expectations even though it fell short on revenue estimates.

22NW LP raised its position in Unifi, Inc. (NYSE:UFI - Free Report) by 212.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 731,535 shares of the textile maker's stock after buying an additional 497,758 shares during the period. Unifi comprises 2.7% of 22NW LP's investment portfolio, making the stock its 13th biggest position. 22NW LP owned approximately 3.98% of Unifi worth $3,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UFI. OneDigital Investment Advisors LLC grew its stake in Unifi by 53.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock valued at $144,000 after acquiring an additional 8,000 shares in the last quarter. Northern Trust Corp grew its stake in Unifi by 22.4% during the 4th quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock valued at $407,000 after acquiring an additional 11,919 shares in the last quarter. Minerva Advisors LLC grew its stake in Unifi by 6.1% during the 1st quarter. Minerva Advisors LLC now owns 907,774 shares of the textile maker's stock valued at $4,366,000 after acquiring an additional 52,533 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Unifi by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker's stock valued at $4,394,000 after acquiring an additional 25,156 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Unifi by 4.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker's stock valued at $4,832,000 after acquiring an additional 46,401 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Unifi from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th.

Unifi Trading Down 0.2%

Shares of UFI stock traded down $0.01 during trading hours on Friday, hitting $4.43. The company had a trading volume of 7,238 shares, compared to its average volume of 59,357. The company's fifty day moving average is $4.69 and its 200 day moving average is $4.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.32 and a quick ratio of 1.59. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.85. The stock has a market capitalization of $81.33 million, a PE ratio of -3.89 and a beta of 0.56.

Unifi (NYSE:UFI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The textile maker reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.24. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%. The firm had revenue of $138.54 million for the quarter, compared to analyst estimates of $149.84 million. Research analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current fiscal year.

Unifi Profile

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.