Schwab Charles Investment Management Inc. grew its holdings in Unifi, Inc. (NYSE:UFI) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,996 shares of the textile maker’s stock after acquiring an additional 8,612 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.84% of Unifi worth $5,488,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP increased its holdings in shares of Unifi by 58.6% in the third quarter. GSA Capital Partners LLP now owns 76,218 shares of the textile maker’s stock worth $2,716,000 after acquiring an additional 28,167 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of Unifi in the third quarter worth about $258,000. Royce & Associates LP increased its holdings in shares of Unifi by 8.9% in the third quarter. Royce & Associates LP now owns 435,503 shares of the textile maker’s stock worth $15,517,000 after acquiring an additional 35,500 shares in the last quarter. Impala Asset Management LLC increased its holdings in shares of Unifi by 1.5% in the third quarter. Impala Asset Management LLC now owns 1,253,980 shares of the textile maker’s stock worth $44,679,000 after acquiring an additional 18,683 shares in the last quarter. Finally, OxFORD Asset Management LLP increased its holdings in shares of Unifi by 173.2% in the third quarter. OxFORD Asset Management LLP now owns 43,233 shares of the textile maker’s stock worth $1,549,000 after acquiring an additional 27,410 shares in the last quarter. Institutional investors own 79.12% of the company’s stock.
Shares of Unifi, Inc. (NYSE UFI) opened at $36.50 on Wednesday. Unifi, Inc. has a fifty-two week low of $26.38 and a fifty-two week high of $39.21. The stock has a market capitalization of $662.37, a PE ratio of 17.14 and a beta of 0.78. The company has a quick ratio of 2.18, a current ratio of 3.91 and a debt-to-equity ratio of 0.30.
Several brokerages have issued reports on UFI. ValuEngine upgraded Unifi from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Unifi from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st.
In other news, Director Robert J. Bishop acquired 24,462 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $34.61 per share, for a total transaction of $846,629.82. Following the completion of the acquisition, the director now owns 10,288 shares in the company, valued at $356,067.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Bishop acquired 13,329 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $35.30 per share, with a total value of $470,513.70. Following the completion of the acquisition, the director now owns 10,288 shares of the company’s stock, valued at approximately $363,166.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 108,007 shares of company stock valued at $3,789,877. 15.40% of the stock is owned by corporate insiders.
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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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