Bank of America Corp DE grew its position in Unifi, Inc. (NYSE:UFI) by 33.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,118 shares of the textile maker’s stock after purchasing an additional 16,777 shares during the quarter. Bank of America Corp DE owned approximately 0.37% of Unifi worth $2,128,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in UFI. Principal Financial Group Inc. lifted its holdings in Unifi by 2.6% during the first quarter. Principal Financial Group Inc. now owns 130,434 shares of the textile maker’s stock worth $4,728,000 after acquiring an additional 3,304 shares during the period. James Investment Research Inc. bought a new stake in Unifi during the second quarter worth $194,000. Piedmont Investment Advisors LLC bought a new stake in Unifi during the second quarter worth $125,000. First Trust Advisors LP lifted its holdings in Unifi by 18.2% during the second quarter. First Trust Advisors LP now owns 19,324 shares of the textile maker’s stock worth $613,000 after acquiring an additional 2,979 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Unifi by 24.3% during the second quarter. Victory Capital Management Inc. now owns 1,434,450 shares of the textile maker’s stock worth $45,472,000 after acquiring an additional 280,814 shares during the period. Institutional investors and hedge funds own 80.09% of the company’s stock.
A number of analysts recently commented on UFI shares. Zacks Investment Research lowered Unifi from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. ValuEngine upgraded Unifi from a “sell” rating to a “hold” rating in a report on Thursday, November 1st.
Shares of Unifi stock opened at $26.49 on Friday. The firm has a market cap of $490.02 million, a P/E ratio of 20.07 and a beta of 0.89. Unifi, Inc. has a 12 month low of $22.78 and a 12 month high of $38.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.87 and a current ratio of 3.52.
Unifi (NYSE:UFI) last issued its quarterly earnings results on Tuesday, October 30th. The textile maker reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.17). The business had revenue of $181.61 million for the quarter, compared to the consensus estimate of $170.90 million. Unifi had a return on equity of 4.46% and a net margin of 3.53%. Research analysts anticipate that Unifi, Inc. will post 0.72 EPS for the current year.
In other news, Director Robert J. Bishop bought 7,000 shares of the stock in a transaction on Monday, August 13th. The shares were purchased at an average cost of $31.99 per share, for a total transaction of $223,930.00. Following the completion of the purchase, the director now directly owns 10,288 shares in the company, valued at approximately $329,113.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact bought 10,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was purchased at an average price of $26.43 per share, for a total transaction of $264,300.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 114,579 shares of company stock worth $3,221,975. Corporate insiders own 22.41% of the company’s stock.
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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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