Aigen Investment Management LP acquired a new position in shares of Unifi, Inc. (NYSE:UFI) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,754 shares of the textile maker’s stock, valued at approximately $196,000.
Other large investors have also added to or reduced their stakes in the company. Mcmillion Capital Management Inc. purchased a new position in Unifi in the fourth quarter valued at approximately $25,000. Tower Research Capital LLC TRC purchased a new stake in shares of Unifi during the 3rd quarter worth approximately $37,000. Quadrant Capital Group LLC lifted its position in shares of Unifi by 764.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,136 shares of the textile maker’s stock worth $45,000 after buying an additional 1,889 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Unifi by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 6,445 shares of the textile maker’s stock worth $141,000 after buying an additional 507 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Unifi in the 3rd quarter valued at $215,000. 78.92% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on UFI shares. CJS Securities downgraded shares of Unifi to a “hold” rating in a research report on Wednesday, January 29th. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, ValuEngine cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.
In other news, CFO Craig A. Creaturo acquired 5,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $21.52 per share, with a total value of $107,600.00. Following the completion of the acquisition, the chief financial officer now owns 25,000 shares of the company’s stock, valued at $538,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth G. Langone bought 18,317 shares of the stock in a transaction dated Friday, February 14th. The shares were acquired at an average price of $24.24 per share, for a total transaction of $444,004.08. In the last ninety days, insiders have acquired 141,217 shares of company stock worth $3,231,507. 25.93% of the stock is currently owned by corporate insiders.
UFI opened at $24.24 on Friday. Unifi, Inc. has a one year low of $15.90 and a one year high of $27.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.01 and a current ratio of 3.95. The stock has a market capitalization of $448.56 million, a P/E ratio of 127.58 and a beta of 0.77. The business’s 50-day simple moving average is $24.45 and its 200-day simple moving average is $22.96.
Unifi (NYSE:UFI) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). The firm had revenue of $169.51 million during the quarter, compared to analyst estimates of $176.60 million. Unifi had a net margin of 0.51% and a return on equity of 1.24%. On average, equities research analysts forecast that Unifi, Inc. will post 0.71 EPS for the current fiscal year.
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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