Unifi, Inc. (UFI) Shares Sold by Uniplan Investment Counsel Inc.
Uniplan Investment Counsel Inc. lowered its holdings in Unifi, Inc. (NYSE:UFI) by 53.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 167,079 shares of the textile maker’s stock after selling 195,398 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.91% of Unifi worth $5,953,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UFI. Royce & Associates LP lifted its stake in shares of Unifi by 16.0% in the 2nd quarter. Royce & Associates LP now owns 400,003 shares of the textile maker’s stock valued at $12,320,000 after purchasing an additional 55,300 shares during the period. Alliancebernstein L.P. bought a new position in Unifi during the 2nd quarter valued at approximately $277,000. Wells Fargo & Company MN increased its position in Unifi by 29.0% during the 2nd quarter. Wells Fargo & Company MN now owns 18,123 shares of the textile maker’s stock valued at $558,000 after buying an additional 4,075 shares in the last quarter. Neuberger Berman Group LLC increased its position in Unifi by 11.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 197,375 shares of the textile maker’s stock valued at $6,079,000 after buying an additional 20,846 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Unifi by 22.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,121 shares of the textile maker’s stock worth $3,854,000 after purchasing an additional 22,670 shares in the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.
A number of research firms have commented on UFI. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, CJS Securities assumed coverage on Unifi in a report on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 price objective for the company.
In other news, Director Robert J. Bishop bought 5,427 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $34.76 per share, for a total transaction of $188,642.52. Following the completion of the transaction, the director now owns 10,288 shares of the company’s stock, valued at $357,610.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth G. Langone bought 5,949 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was purchased at an average price of $37.74 per share, for a total transaction of $224,515.26. Following the completion of the transaction, the director now directly owns 1,120,000 shares of the company’s stock, valued at approximately $42,268,800. The disclosure for this purchase can be found here. Insiders bought 17,118 shares of company stock worth $622,913 over the last 90 days. Company insiders own 15.40% of the company’s stock.
Shares of Unifi, Inc. (NYSE UFI) traded up $0.41 during trading on Thursday, hitting $36.57. The stock had a trading volume of 34,700 shares, compared to its average volume of 67,213. Unifi, Inc. has a fifty-two week low of $26.02 and a fifty-two week high of $39.21. The stock has a market capitalization of $660.58, a P/E ratio of 19.65 and a beta of 0.84. The company has a quick ratio of 1.83, a current ratio of 3.39 and a debt-to-equity ratio of 0.29.
Unifi (NYSE:UFI) last announced its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The business had revenue of $164.24 million for the quarter, compared to the consensus estimate of $163.42 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. analysts forecast that Unifi, Inc. will post 1.98 earnings per share for the current year.
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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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