Citadel Advisors LLC bought a new position in Unifi, Inc. (NYSE:UFI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,567 shares of the textile maker’s stock, valued at approximately $271,000.
A number of other hedge funds have also added to or reduced their stakes in UFI. SG Americas Securities LLC purchased a new stake in Unifi in the third quarter worth $114,000. Strs Ohio purchased a new stake in Unifi in the fourth quarter worth $125,000. UBS Asset Management Americas Inc. purchased a new stake in Unifi in the fourth quarter worth $201,000. Crossmark Global Holdings Inc. purchased a new stake in Unifi in the third quarter worth $215,000. Finally, Voya Investment Management LLC purchased a new stake in Unifi in the second quarter worth $258,000. Institutional investors and hedge funds own 79.12% of the company’s stock.
In related news, Director Robert J. Bishop bought 29,329 shares of the business’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $35.22 per share, for a total transaction of $1,032,967.38. Following the completion of the purchase, the director now directly owns 10,288 shares of the company’s stock, valued at $362,343.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Bishop bought 13,329 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $35.30 per share, for a total transaction of $470,513.70. Following the purchase, the director now directly owns 10,288 shares of the company’s stock, valued at $363,166.40. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 108,007 shares of company stock worth $3,789,877. Insiders own 15.40% of the company’s stock.
Unifi, Inc. (NYSE:UFI) opened at $36.48 on Thursday. The company has a market capitalization of $667.31, a price-to-earnings ratio of 18.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.18 and a current ratio of 3.91. Unifi, Inc. has a 52 week low of $26.38 and a 52 week high of $39.21.
Unifi (NYSE:UFI) last announced its quarterly earnings results on Thursday, January 25th. The textile maker reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $167.50 million for the quarter, compared to analyst estimates of $159.17 million. Unifi had a return on equity of 9.72% and a net margin of 5.97%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. analysts forecast that Unifi, Inc. will post 1.95 EPS for the current year.
UFI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Unifi from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded Unifi from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
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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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