Invenomic Capital Management LP Has $3.21 Million Position in Unifi, Inc. (NYSE:UFI)

Invenomic Capital Management LP trimmed its position in shares of Unifi, Inc. (NYSE:UFI - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 513,014 shares of the textile maker's stock after selling 59,675 shares during the period. Invenomic Capital Management LP owned 2.81% of Unifi worth $3,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Unifi by 5,775.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker's stock valued at $82,000 after purchasing an additional 10,973 shares during the last quarter. 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. OneDigital Investment Advisors LLC lifted its stake in shares of Unifi by 53.3% in the 4th 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 last quarter. Northern Trust Corp lifted its stake in shares of Unifi by 22.4% in the 4th 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 last quarter. Finally, 22NW LP acquired a new stake in shares of Unifi in the 4th quarter valued at $1,461,000. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Unifi from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th.

Unifi Stock Down 4.0%

Shares of UFI stock traded down $0.20 on Friday, hitting $4.67. The company's stock had a trading volume of 37,887 shares, compared to its average volume of 58,820. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 1.46. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.91. The firm's fifty day moving average price is $4.88 and its 200-day moving average price is $5.47. The stock has a market capitalization of $85.65 million, a price-to-earnings ratio of -2.55 and a beta of 0.63.

Unifi (NYSE:UFI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.83) by $0.07. The business had revenue of $146.56 million during the quarter, compared to analyst estimates of $145.28 million. Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. Research analysts anticipate that Unifi, Inc. will post -2.25 EPS for the current year.

About Unifi

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.