Victory Capital Management Inc. Increases Stake in Unifi, Inc. (UFI)

Victory Capital Management Inc. increased its holdings in Unifi, Inc. (NYSE:UFI) by 5.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,153,636 shares of the textile maker’s stock after purchasing an additional 59,728 shares during the period. Victory Capital Management Inc. owned approximately 6.30% of Unifi worth $41,820,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Unifi in the 1st quarter valued at $100,000. MetLife Investment Advisors LLC purchased a new stake in shares of Unifi in the 4th quarter valued at $283,000. Hoylecohen LLC purchased a new stake in shares of Unifi in the 4th quarter valued at $209,000. Millennium Management LLC boosted its stake in shares of Unifi by 19.2% in the 4th quarter. Millennium Management LLC now owns 102,797 shares of the textile maker’s stock valued at $3,687,000 after purchasing an additional 16,551 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Unifi by 15.7% in the 4th quarter. Two Sigma Advisers LP now owns 45,581 shares of the textile maker’s stock valued at $1,635,000 after purchasing an additional 6,200 shares in the last quarter. 79.41% of the stock is owned by institutional investors.

In other news, Director Robert J. Bishop purchased 16,312 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $35.23 per share, for a total transaction of $574,671.76. Following the acquisition, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $362,446.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Bishop purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average price of $35.32 per share, with a total value of $353,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 84,502 shares of company stock valued at $2,709,464 over the last quarter. 15.40% of the stock is currently owned by company insiders.

NYSE:UFI opened at $31.61 on Monday. Unifi, Inc. has a 52 week low of $27.11 and a 52 week high of $39.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.49 and a quick ratio of 1.91. The firm has a market cap of $579.59 million, a P/E ratio of 16.90 and a beta of 0.67.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, April 25th. The textile maker reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.39). Unifi had a net margin of 4.58% and a return on equity of 7.10%. The firm had revenue of $165.87 million for the quarter, compared to the consensus estimate of $166.12 million. equities research analysts expect that Unifi, Inc. will post 1.21 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on UFI shares. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. ValuEngine raised shares of Unifi from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, TheStreet cut shares of Unifi from a “b” rating to a “c+” rating in a research note on Wednesday, April 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.00.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells polyester and nylon yarns. The company operates through 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 in the United States and El Salvador.

Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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