Pinnacle Associates Ltd. decreased its holdings in Unifi, Inc. (NYSE:UFI) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,975 shares of the textile maker’s stock after selling 72,383 shares during the period. Pinnacle Associates Ltd.’s holdings in Unifi were worth $13,371,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of UFI. Piedmont Investment Advisors LLC bought a new position in shares of Unifi in the second quarter valued at approximately $125,000. James Investment Research Inc. bought a new position in shares of Unifi in the second quarter valued at approximately $194,000. Engineers Gate Manager LP bought a new position in shares of Unifi in the second quarter valued at approximately $213,000. SG Americas Securities LLC boosted its position in shares of Unifi by 156.1% in the second quarter. SG Americas Securities LLC now owns 7,089 shares of the textile maker’s stock valued at $225,000 after acquiring an additional 4,321 shares during the period. Finally, Cacti Asset Management LLC bought a new position in shares of Unifi in the third quarter valued at approximately $273,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.
In related news, insider Spring Master Fund L. Valueact bought 43,360 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was acquired at an average cost of $26.45 per share, for a total transaction of $1,146,872.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Holdings L.P. Valueact bought 8,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were bought at an average price of $26.92 per share, with a total value of $215,360.00. The disclosure for this purchase can be found here. Insiders bought 336,781 shares of company stock valued at $9,165,841 over the last 90 days. 22.41% of the stock is owned by company insiders.
UFI stock opened at $27.12 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.52 and a quick ratio of 1.87. Unifi, Inc. has a 12 month low of $22.78 and a 12 month high of $38.65. The company has a market capitalization of $497.62 million, a PE ratio of 29.11 and a beta of 0.89.
Unifi (NYSE:UFI) last released its quarterly earnings data on Tuesday, October 30th. The textile maker reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.17). Unifi had a net margin of 3.53% and a return on equity of 4.46%. The firm had revenue of $181.61 million during the quarter, compared to the consensus estimate of $170.90 million. Equities research analysts predict that Unifi, Inc. will post 0.72 EPS for the current year.
Unifi Company Profile
Unifi, Inc, together with its subsidiaries, manufactures and sells synthetic and recycled products made from polyester and nylon in the United States, Brazil, China, and internationally. The company operates in three segments: Polyester, Nylon, and International. The Polyester segment manufactures and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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