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

Invenomic Capital Management LP decreased its holdings in Unifi, Inc. (NYSE:UFI - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 513,014 shares of the textile maker's stock after selling 59,675 shares during the quarter. Invenomic Capital Management LP owned approximately 2.81% of Unifi worth $3,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UFI. Peapod Lane Capital LLC bought a new stake in shares of Unifi during the fourth quarter worth $3,191,000. 22NW LP bought a new stake in shares of Unifi during the fourth quarter worth $1,461,000. Minerva Advisors LLC raised its position in shares of Unifi by 5.6% during the fourth quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker's stock worth $5,345,000 after acquiring an additional 45,013 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Unifi by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker's stock worth $4,394,000 after acquiring an additional 25,156 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Unifi by 22.4% during the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock worth $407,000 after acquiring an additional 11,919 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Unifi from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.

Unifi Trading Up 3.2%

Shares of Unifi stock traded up $0.15 during trading on Thursday, hitting $4.86. 38,865 shares of the company were exchanged, compared to its average volume of 59,243. The firm has a market capitalization of $89.23 million, a P/E ratio of -2.66 and a beta of 0.63. Unifi, Inc. has a 1-year low of $4.25 and a 1-year high of $7.91. The firm's fifty day moving average price is $4.90 and its 200 day moving average price is $5.50. 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 (NYSE:UFI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $145.28 million. As a group, sell-side analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current fiscal 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.