Parametric Portfolio Associates LLC Buys 4,494 Shares of Unifi, Inc. (UFI)
Parametric Portfolio Associates LLC boosted its stake in shares of Unifi, Inc. (NYSE:UFI) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,456 shares of the textile maker’s stock after purchasing an additional 4,494 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.10% of Unifi worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. California Public Employees Retirement System boosted its position in Unifi by 2.2% during the second quarter. California Public Employees Retirement System now owns 60,800 shares of the textile maker’s stock valued at $1,873,000 after purchasing an additional 1,300 shares in the last quarter. Vanguard Group Inc. boosted its position in Unifi by 3.4% during the second quarter. Vanguard Group Inc. now owns 841,492 shares of the textile maker’s stock valued at $25,918,000 after purchasing an additional 27,563 shares in the last quarter. Northern Trust Corp boosted its position in Unifi by 6.7% during the second quarter. Northern Trust Corp now owns 501,884 shares of the textile maker’s stock valued at $15,459,000 after purchasing an additional 31,589 shares in the last quarter. Citigroup Inc. boosted its position in Unifi by 76.0% during the second quarter. Citigroup Inc. now owns 24,971 shares of the textile maker’s stock valued at $769,000 after purchasing an additional 10,786 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in Unifi by 110.9% in the second quarter. GSA Capital Partners LLP now owns 48,051 shares of the textile maker’s stock valued at $1,480,000 after buying an additional 25,271 shares during the last quarter. 76.02% of the stock is currently owned by institutional investors.
Shares of Unifi, Inc. (NYSE UFI) opened at $36.49 on Friday. 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, Inc. has a 12 month low of $26.02 and a 12 month high of $39.21. The company has a market capitalization of $666.61, a PE ratio of 19.83 and a beta of 0.88.
Unifi (NYSE:UFI) last released its quarterly earnings results on Monday, October 23rd. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The company had revenue of $164.24 million during the quarter, compared to analysts’ expectations of $163.42 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. equities research analysts predict that Unifi, Inc. will post 1.98 EPS for the current year.
In other Unifi news, Director Kenneth G. Langone purchased 5,949 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was bought at an average cost of $37.74 per share, for a total transaction of $224,515.26. Following the completion of the purchase, the director now owns 1,120,000 shares in the company, valued at approximately $42,268,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Bishop purchased 5,427 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $34.76 per share, with a total value of $188,642.52. Following the completion of the purchase, the director now owns 10,288 shares of the company’s stock, valued at approximately $357,610.88. The disclosure for this purchase can be found here. Company insiders own 15.40% of the company’s stock.
A number of research firms have commented on UFI. Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. ValuEngine cut Unifi from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, CJS Securities began coverage on Unifi in a research note on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 price target for the company.
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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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