Unifi, Inc. (UFI) Stake Reduced by Russell Investments Group Ltd.
Russell Investments Group Ltd. cut its stake in Unifi, Inc. (NYSE:UFI) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,509 shares of the textile maker’s stock after selling 17,096 shares during the period. Russell Investments Group Ltd. owned about 0.43% of Unifi worth $2,418,000 at the end of the most recent quarter.
Separately, Aperio Group LLC boosted its position in shares of 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. 78.12% of the stock is currently owned by hedge funds and other institutional investors.
Unifi, Inc. (NYSE UFI) traded up 0.51% on Friday, reaching $31.24. 48,978 shares of the company’s stock were exchanged. The company has a market capitalization of $569.32 million, a PE ratio of 17.55 and a beta of 0.82. Unifi, Inc. has a 1-year low of $26.02 and a 1-year high of $34.70. The company has a 50 day moving average price of $31.00 and a 200-day moving average price of $28.92.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $165.18 million. Unifi had a return on equity of 9.91% and a net margin of 5.08%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. On average, equities research analysts anticipate that Unifi, Inc. will post $1.86 earnings per share for the current year.
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Several research analysts have recently weighed in on UFI shares. ValuEngine cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th.
In other news, Director Paul R. Charron acquired 1,100 shares of Unifi stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average cost of $32.00 per share, with a total value of $35,200.00. Following the purchase, the director now directly owns 18,520 shares of the company’s stock, valued at approximately $592,640. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul R. Charron acquired 1,000 shares of Unifi stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average cost of $31.50 per share, for a total transaction of $31,500.00. Following the completion of the purchase, the director now directly owns 19,915 shares in the company, valued at $627,322.50. The disclosure for this purchase can be found here. Insiders bought a total of 21,183 shares of company stock worth $650,934 over the last ninety days. Corporate insiders own 16.40% of the company’s stock.
Unifi Company Profile
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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