Unifi, Inc. (NYSE:UFI) Position Held by Shell Asset Management Co.
Shell Asset Management Co. continued to hold its stake in Unifi, Inc. (NYSE:UFI) during the second quarter, Holdings Channel reports. The firm owned 46,268 shares of the textile maker’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Unifi were worth $1,425,000 as of its most recent SEC filing.
Separately, Aperio Group LLC raised its stake in Unifi by 8.1% in the second quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock valued at $446,000 after buying an additional 1,086 shares during the last quarter. 76.70% of the stock is owned by hedge funds and other institutional investors.
Shares of Unifi, Inc. (NYSE:UFI) opened at 32.14 on Friday. The stock has a market capitalization of $585.72 million, a price-to-earnings ratio of 18.06 and a beta of 0.79. The stock’s 50 day moving average is $30.17 and its 200-day moving average is $28.52. Unifi, Inc. has a 12-month low of $25.11 and a 12-month high of $34.70.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. On average, analysts expect that Unifi, Inc. will post $1.97 earnings per share for the current year.
Several research firms have issued reports on UFI. Zacks Investment Research lowered shares of Unifi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub lowered shares of Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, ValuEngine lowered shares of Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
In related news, Director Kenneth G. Langone acquired 25,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $28.06 per share, with a total value of $701,500.00. Following the transaction, the director now directly owns 1,090,797 shares in the company, valued at $30,607,763.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul R. Charron acquired 1,100 shares of the stock in a transaction on Wednesday, August 2nd. The stock was bought at an average cost of $32.00 per share, with a total value of $35,200.00. Following the completion of the transaction, the director now owns 18,520 shares in the company, valued at $592,640. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,500 shares of company stock worth $749,268 over the last quarter. 16.40% of the stock is currently owned by insiders.
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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