Stearns Financial Services Group increased its position in shares of Unifi, Inc. (NYSE:UFI) by 1.5% during the second quarter, Holdings Channel reports. The institutional investor owned 82,457 shares of the textile maker’s stock after buying an additional 1,183 shares during the period. Stearns Financial Services Group’s holdings in Unifi were worth $2,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its position in Unifi by 2,980.0% in the second quarter. Harbour Capital Advisors LLC now owns 9,240 shares of the textile maker’s stock worth $300,000 after buying an additional 8,940 shares in the last quarter. Texas Permanent School Fund increased its position in Unifi by 1.0% in the second quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock worth $344,000 after buying an additional 106 shares in the last quarter. Aperio Group LLC increased its position in Unifi by 8.1% in the second quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock worth $446,000 after buying an additional 1,086 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Unifi by 18.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 19,500 shares of the textile maker’s stock worth $601,000 after buying an additional 2,970 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Unifi by 7.9% in the second quarter. Great West Life Assurance Co. Can now owns 24,450 shares of the textile maker’s stock worth $752,000 after buying an additional 1,800 shares in the last quarter. 76.75% of the stock is owned by hedge funds and other institutional investors.

Unifi, Inc. (UFI) opened at 31.23 on Thursday. The stock’s 50 day moving average is $30.56 and its 200-day moving average is $28.60. The company has a market capitalization of $569.14 million, a P/E ratio of 17.54 and a beta of 0.79. Unifi, Inc. has a 52-week low of $25.11 and a 52-week high of $34.70.

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, July 26th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $171.30 million during the quarter, compared to analyst estimates of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Analysts predict that Unifi, Inc. will post $1.86 EPS for the current fiscal year.

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A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine downgraded shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.

In other news, Director Paul R. Charron purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $31.50 per share, for a total transaction of $31,500.00. Following the completion of the transaction, the director now directly owns 19,915 shares in the company, valued at approximately $627,322.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul R. Charron purchased 1,100 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average price 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 of the company’s stock, valued at $592,640. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,500 shares of company stock valued at $79,268. Company insiders own 16.40% of the company’s stock.

About Unifi

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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Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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