Unifi, Inc. (NYSE:UFI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in Unifi, Inc. (NYSE:UFI - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,269 shares of the textile maker's stock after selling 93,273 shares during the period. D. E. Shaw & Co. Inc. owned about 0.74% of Unifi worth $845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UFI. Peapod Lane Capital LLC purchased a new position in Unifi in the fourth quarter valued at $3,191,000. 22NW LP purchased a new position in Unifi in the fourth quarter valued at $1,461,000. Minerva Advisors LLC boosted its holdings in Unifi by 5.6% in the fourth quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker's stock valued at $5,345,000 after purchasing an additional 45,013 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unifi by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker's stock valued at $4,394,000 after purchasing an additional 25,156 shares during the period. Finally, 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. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

Unifi Stock Down 0.2%

Unifi stock traded down $0.01 during midday trading on Thursday, reaching $4.94. The company's stock had a trading volume of 5,152 shares, compared to its average volume of 68,455. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.91. The company has a quick ratio of 1.46, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $90.68 million, a P/E ratio of -2.70 and a beta of 0.63. The business has a 50-day simple moving average of $4.86 and a 200-day simple moving average of $5.40.

Unifi (NYSE:UFI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share for the quarter, beating analysts' consensus estimates of ($0.83) by $0.07. Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. The company had revenue of $146.56 million for the quarter, compared to analysts' expectations of $145.28 million. On average, research analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.