Azarias Capital Management L.P. Has $3.51 Million Stake in Unifi, Inc. $UFI

Key Points

• Azarias Capital Management L.P. has reduced its stake in Unifi, Inc. by 28.8%, holding approximately 671,986 shares worth $3.51 million, making it 1.6% of their investment portfolio.
• Unifi's stock performance reflects a market capitalization of $83.81 million and a current trading price of $4.57, with a 52-week range between $4.25 and $7.55.
• Recent earnings reports show Unifi posted a loss of ($0.56) EPS, exceeding expectations of ($0.80), but revenue fell short of estimates at $138.54 million compared to the anticipated $149.84 million.

Azarias Capital Management L.P. trimmed its holdings in Unifi, Inc. (NYSE:UFI - Free Report) by 28.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 671,986 shares of the textile maker's stock after selling 271,378 shares during the period. Unifi comprises about 1.6% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 23rd largest holding. Azarias Capital Management L.P. owned about 3.66% of Unifi worth $3,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Unifi in the first quarter valued at about $64,000. Goldman Sachs Group Inc. bought a new stake in shares of Unifi in the first quarter valued at about $96,000. 22NW LP lifted its holdings in shares of Unifi by 212.9% in the first quarter. 22NW LP now owns 731,535 shares of the textile maker's stock valued at $3,519,000 after purchasing an additional 497,758 shares in the last quarter. Minerva Advisors LLC lifted its holdings in shares of Unifi by 6.1% in the first quarter. Minerva Advisors LLC now owns 907,774 shares of the textile maker's stock valued at $4,366,000 after purchasing an additional 52,533 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of Unifi by 4.8% in the first quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker's stock valued at $4,832,000 after purchasing an additional 46,401 shares in the last quarter. 67.67% of the stock is owned by institutional investors and hedge funds.

Unifi Stock Performance

UFI opened at $4.57 on Friday. Unifi, Inc. has a 52-week low of $4.25 and a 52-week high of $7.55. The firm has a market capitalization of $83.81 million, a PE ratio of -4.00 and a beta of 0.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.59 and a current ratio of 3.32. The business's 50-day simple moving average is $4.54 and its 200 day simple moving average is $4.77.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UFI. Wall Street Zen upgraded Unifi from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings restated a "sell (e+)" rating on shares of Unifi in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Unifi currently has an average rating of "Sell".

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.

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