Unifi (NYSE:UFI) Upgraded to Hold at Wall Street Zen

Key Points

• Unifi has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• The company posted a quarterly loss of ($0.56) earnings per share, beating expectations but reporting a negative net margin of 3.56% with revenue at $138.54 million.
• Institutional investors currently hold 67.67% of Unifi's stock, with significant recent investments from firms such as 22NW LP and Minerva Advisors LLC.

Unifi (NYSE:UFI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Unifi Stock Performance

Shares of UFI opened at $4.51 on Friday. Unifi has a 1 year low of $4.25 and a 1 year high of $7.85. The company has a market cap of $82.71 million, a price-to-earnings ratio of -3.95 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.59 and a current ratio of 3.32. The firm has a fifty day moving average of $4.57 and a 200-day moving average of $4.84.

Unifi (NYSE:UFI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.24. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%. The company had revenue of $138.54 million during the quarter, compared to the consensus estimate of $149.84 million. As a group, equities analysts anticipate that Unifi will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On Unifi

Several institutional investors have recently bought and sold shares of the stock. BCS Private Wealth Management Inc. acquired a new stake in Unifi in the second quarter worth about $227,000. 22NW LP lifted its holdings in Unifi by 34.2% in the 2nd quarter. 22NW LP now owns 981,535 shares of the textile maker's stock valued at $5,124,000 after acquiring an additional 250,000 shares during the last quarter. Minerva Advisors LLC lifted its holdings in Unifi by 19.5% in the 2nd quarter. Minerva Advisors LLC now owns 1,085,209 shares of the textile maker's stock valued at $5,665,000 after acquiring an additional 177,435 shares during the last quarter. XTX Topco Ltd acquired a new stake in Unifi in the 2nd quarter valued at about $80,000. Finally, Peapod Lane Capital LLC lifted its holdings in Unifi by 10.2% in the 2nd quarter. Peapod Lane Capital LLC now owns 564,360 shares of the textile maker's stock valued at $2,946,000 after acquiring an additional 52,008 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company's stock.

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.

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