D. E. Shaw & Co. Inc. Sells 93,273 Shares of Unifi, Inc. (NYSE:UFI)

D. E. Shaw & Co. Inc. trimmed its holdings in Unifi, Inc. (NYSE:UFI - Free Report) by 40.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,269 shares of the textile maker's stock after selling 93,273 shares during the period. D. E. Shaw & Co. Inc. owned 0.74% of Unifi worth $845,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC lifted its stake in shares of 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 purchasing an additional 10,172 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Unifi by 5,775.3% during 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. Peapod Lane Capital LLC bought a new position in shares of Unifi in the 4th quarter valued at approximately $3,191,000. Minerva Advisors LLC raised its position in shares of 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. Finally, 22NW LP acquired a new position in Unifi in the 4th quarter valued at $1,461,000. Institutional investors and hedge funds own 67.67% of the company's stock.

Unifi Price Performance

NYSE UFI remained flat at $4.95 during midday trading on Thursday. 22,702 shares of the company's stock traded hands, compared to its average volume of 59,738. The stock has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.39. Unifi, Inc. has a 52 week low of $4.25 and a 52 week high of $7.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 3.44. The firm has a market cap of $90.89 million, a PE ratio of -2.70 and a beta of 0.63.

Unifi (NYSE:UFI - Get Free Report) last released its earnings results on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $145.28 million. As a group, equities analysts predict that Unifi, Inc. will post -2.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of 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.