Uniplan Investment Counsel Inc. bought a new stake in Unifi, Inc. (NYSE:UFI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 132,827 shares of the textile maker’s stock, valued at approximately $3,033,000. Uniplan Investment Counsel Inc. owned about 0.72% of Unifi at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in UFI. Mutual of America Capital Management LLC increased its holdings in Unifi by 3.6% during the third quarter. Mutual of America Capital Management LLC now owns 133,902 shares of the textile maker’s stock worth $3,793,000 after buying an additional 4,663 shares during the last quarter. Mercer Capital Advisers Inc. increased its holdings in Unifi by 41.7% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,700 shares of the textile maker’s stock worth $39,000 after buying an additional 500 shares during the last quarter. IndexIQ Advisors LLC increased its holdings in Unifi by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 62,710 shares of the textile maker’s stock worth $1,777,000 after buying an additional 2,367 shares during the last quarter. Marshall Wace LLP purchased a new stake in Unifi during the third quarter worth about $236,000. Finally, Royce & Associates LP increased its holdings in Unifi by 37.8% during the third quarter. Royce & Associates LP now owns 598,838 shares of the textile maker’s stock worth $16,965,000 after buying an additional 164,335 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.
Shares of NYSE:UFI opened at $21.08 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.73 and a quick ratio of 1.86. The stock has a market cap of $387.58 million, a price-to-earnings ratio of 15.97 and a beta of 0.80. Unifi, Inc. has a twelve month low of $19.61 and a twelve month high of $38.65.
Unifi (NYSE:UFI) last issued its earnings results on Monday, February 4th. The textile maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $167.71 million during the quarter, compared to analyst estimates of $166.80 million. Unifi had a net margin of 2.00% and a return on equity of 2.21%. Analysts predict that Unifi, Inc. will post 0.57 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Zacks Investment Research upgraded shares of Unifi from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st.
In other Unifi news, Director Robert J. Bishop bought 5,100 shares of the business’s stock in a transaction on Friday, February 8th. The stock was purchased at an average price of $21.60 per share, for a total transaction of $110,160.00. Following the completion of the transaction, the director now directly owns 16,734 shares of the company’s stock, valued at $361,454.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Gerstein bought 5,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were acquired at an average price of $20.85 per share, with a total value of $104,250.00. Following the transaction, the insider now directly owns 36,449 shares of the company’s stock, valued at $759,961.65. The disclosure for this purchase can be found here. Insiders have acquired 64,195 shares of company stock valued at $1,406,480 in the last quarter. Company insiders own 22.41% of the company’s stock.
Unifi Company Profile
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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