Azarias Capital Management L.P. Decreases Stake in Unifi, Inc. (NYSE:UFI)

Azarias Capital Management L.P. reduced its holdings in shares of Unifi, Inc. (NYSE:UFI - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 943,364 shares of the textile maker's stock after selling 487,011 shares during the period. Unifi comprises 2.5% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 17th largest holding. Azarias Capital Management L.P. owned approximately 5.14% of Unifi worth $4,538,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UFI. 22NW LP acquired a new position in shares of Unifi in the fourth quarter worth $1,461,000. Northern Trust Corp boosted its holdings in Unifi by 22.4% in the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock valued at $407,000 after purchasing an additional 11,919 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Unifi by 53.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock valued at $144,000 after purchasing an additional 8,000 shares during the period. 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 worth $4,394,000 after purchasing an additional 25,156 shares in the last quarter. Finally, Minerva Advisors LLC increased its holdings in Unifi by 5.6% during the 4th quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker's stock worth $5,345,000 after purchasing an additional 45,013 shares during the period. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Stock Down 2.5%

Unifi stock traded down $0.13 during trading on Friday, reaching $4.80. The stock had a trading volume of 93,500 shares, compared to its average volume of 60,084. Unifi, Inc. has a 52-week low of $4.25 and a 52-week high of $7.91. The business has a 50 day moving average price of $4.97 and a 200 day moving average price of $5.32. The company has a quick ratio of 1.45, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The stock has a market cap of $88.04 million, a PE ratio of -2.20 and a beta of 0.53.

Unifi (NYSE:UFI - Get Free Report) last issued its quarterly earnings results 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 6.74% and a negative return on equity of 16.67%. The company had revenue of $146.56 million during the quarter, compared to the consensus estimate of $145.28 million. On average, analysts predict that Unifi, Inc. will post -2.25 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Unifi from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.

Unifi Company 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.