Unifi, Inc. (NYSE:UFI) Director Holdings L.P. Valueact bought 26,260 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average cost of $26.48 per share, with a total value of $695,364.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Holdings L.P. Valueact also recently made the following trade(s):
- On Tuesday, November 6th, Holdings L.P. Valueact bought 10,000 shares of Unifi stock. The shares were acquired at an average cost of $26.43 per share, with a total value of $264,300.00.
NYSE:UFI opened at $26.49 on Friday. Unifi, Inc. has a 52 week low of $22.78 and a 52 week 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. The company has a market cap of $495.35 million, a PE ratio of 28.99 and a beta of 0.89.
Unifi (NYSE:UFI) last posted 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). Unifi had a net margin of 3.53% and a return on equity of 4.46%. The firm had revenue of $181.61 million for the quarter, compared to analysts’ expectations of $170.90 million. As a group, equities analysts predict that Unifi, Inc. will post 0.72 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Unifi by 7.1% during the second quarter. BlackRock Inc. now owns 2,272,234 shares of the textile maker’s stock valued at $72,030,000 after buying an additional 151,101 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Unifi by 9.5% during the third quarter. Victory Capital Management Inc. now owns 1,570,759 shares of the textile maker’s stock valued at $44,500,000 after buying an additional 136,309 shares during the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Unifi during the second quarter valued at approximately $29,323,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Unifi by 1.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 157,459 shares of the textile maker’s stock valued at $4,992,000 after buying an additional 2,694 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Unifi by 2.6% during the first quarter. Principal Financial Group Inc. now owns 130,434 shares of the textile maker’s stock valued at $4,728,000 after buying an additional 3,304 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.
A number of brokerages have weighed in on UFI. Zacks Investment Research downgraded shares of Unifi from a “hold” rating to a “sell” rating in a research note on Saturday, November 3rd. ValuEngine raised shares of Unifi from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st.
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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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