Wellington Shields & Co. LLC lowered its position in shares of Unifi, Inc. (NYSE:UFI) by 48.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,917 shares of the textile maker’s stock after selling 15,000 shares during the quarter. Wellington Shields & Co. LLC owned approximately 0.09% of Unifi worth $282,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Unifi by 329.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,450 shares of the textile maker’s stock worth $44,000 after purchasing an additional 2,647 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new stake in shares of Unifi during the 4th quarter worth about $62,000. Pacer Advisors Inc. acquired a new stake in shares of Unifi during the 3rd quarter worth about $64,000. SG Americas Securities LLC acquired a new stake in shares of Unifi during the 4th quarter worth about $141,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Unifi by 47.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 13,473 shares of the textile maker’s stock worth $173,000 after purchasing an additional 4,365 shares in the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.
Several equities research analysts have weighed in on UFI shares. Northland Securities raised their price objective on shares of Unifi from $21.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Zacks Investment Research upgraded shares of Unifi from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, February 3rd.
UFI traded down $0.87 during midday trading on Tuesday, hitting $23.81. The company had a trading volume of 1,809 shares, compared to its average volume of 104,638. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.32 and a current ratio of 3.73. The company has a market capitalization of $440.03 million, a PE ratio of -7.88 and a beta of 0.94. Unifi, Inc. has a twelve month low of $7.48 and a twelve month high of $26.31. The firm’s 50-day simple moving average is $21.67 and its 200-day simple moving average is $16.23.
Unifi (NYSE:UFI) last issued its earnings results on Thursday, January 28th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.32. The company had revenue of $162.78 million for the quarter, compared to analyst estimates of $147.10 million. Unifi had a negative net margin of 10.13% and a negative return on equity of 2.98%. As a group, sell-side analysts anticipate that Unifi, Inc. will post 0.38 EPS for the current fiscal year.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products made from polyester and nylon in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes and polyester polymer beads 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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