Unifi, Inc. (NYSE:UFI) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its position in shares of Unifi, Inc. (NYSE:UFI) by 53.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,000 shares of the textile maker’s stock after purchasing an additional 8,000 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Unifi were worth $144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Unifi by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 703,151 shares of the textile maker’s stock worth $4,394,000 after buying an additional 25,156 shares in the last quarter. Minerva Advisors LLC boosted its stake in shares of Unifi by 5.6% during the 4th quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker’s stock worth $5,345,000 after acquiring an additional 45,013 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of Unifi during the 4th quarter valued at about $3,191,000. JPMorgan Chase & Co. increased its stake in shares of Unifi by 5,775.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 10,973 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Unifi in the 3rd quarter worth about $128,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

Insider Buying and Selling at Unifi

In other news, Director Kenneth G. Langone purchased 16,097 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the transaction, the director now owns 2,352,000 shares of the company’s stock, valued at $13,053,600. This trade represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 17.85% of the company’s stock.

Unifi Stock Performance

NYSE:UFI opened at $5.19 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 3.44. The stock has a market capitalization of $95.24 million, a PE ratio of -2.84 and a beta of 0.50. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.91. The company has a fifty day moving average of $5.05 and a two-hundred day moving average of $5.66.

Unifi (NYSE:UFI) last released its quarterly earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($0.31). Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. As a group, research analysts forecast that Unifi, Inc. will post -2.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut Unifi from a “hold” rating to a “sell” rating in a research report on Tuesday.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.