Schwab Charles Investment Management Inc. grew its position in shares of Unifi, Inc. (NYSE:UFI) by 22.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,121 shares of the textile maker’s stock after acquiring an additional 22,670 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.69% of Unifi worth $3,854,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its position in Unifi by 2,980.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 9,240 shares of the textile maker’s stock worth $300,000 after acquiring an additional 8,940 shares during the last quarter. Texas Permanent School Fund lifted its holdings in Unifi by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock valued at $344,000 after purchasing an additional 106 shares during the last quarter. Aperio Group LLC lifted its holdings in Unifi by 8.1% during the 2nd quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock valued at $446,000 after purchasing an additional 1,086 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Unifi by 18.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,500 shares of the textile maker’s stock valued at $601,000 after purchasing an additional 2,970 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Unifi by 7.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 24,450 shares of the textile maker’s stock valued at $752,000 after purchasing an additional 1,800 shares during the last quarter. 76.54% of the stock is owned by hedge funds and other institutional investors.
In other Unifi news, Director Paul R. Charron bought 1,100 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $32.00 per share, with a total value of $35,200.00. Following the completion of the purchase, the director now owns 18,520 shares in the company, valued at approximately $592,640. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Bishop bought 3,683 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $29.98 per share, for a total transaction of $110,416.34. Following the purchase, the director now owns 6,200 shares of the company’s stock, valued at approximately $185,876. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 20,783 shares of company stock worth $638,366. Insiders own 15.40% of the company’s stock.
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Unifi, Inc. (UFI) opened at 37.22 on Friday. The firm’s 50-day moving average price is $34.98 and its 200 day moving average price is $30.87. Unifi, Inc. has a 52-week low of $26.03 and a 52-week high of $39.21. The company has a market cap of $679.27 million, a PE ratio of 20.91 and a beta of 0.80.
Unifi (NYSE:UFI) last issued its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $164.24 million for the quarter, compared to analysts’ expectations of $163.42 million. Unifi had a return on equity of 9.53% and a net margin of 4.98%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, equities analysts predict that Unifi, Inc. will post $1.87 EPS for the current fiscal year.
Several equities research analysts have issued reports on UFI shares. Zacks Investment Research raised Unifi from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine downgraded Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub cut Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, CJS Securities initiated coverage on Unifi in a research report on Wednesday, September 20th. They set an “outperform” rating and a $42.00 price objective on the stock.
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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