Boston Partners Reduces Stock Position in Unifi, Inc. (NYSE:UFI)

Boston Partners decreased its holdings in Unifi, Inc. (NYSE:UFI) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,142 shares of the textile maker’s stock after selling 10,762 shares during the period. Boston Partners’ holdings in Unifi were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UFI. Peapod Lane Capital LLC purchased a new position in Unifi in the 4th quarter worth about $3,191,000. Minerva Advisors LLC boosted its position in Unifi by 5.6% in the 4th quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker’s stock valued at $5,345,000 after buying an additional 45,013 shares during the period. Virtu Financial LLC bought a new position in Unifi in the 3rd quarter worth about $128,000. JPMorgan Chase & Co. increased its position in shares of Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock worth $82,000 after acquiring an additional 10,973 shares during the period. Finally, Barclays PLC raised its stake in shares of Unifi by 778.3% during the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 10,172 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors.

Unifi Stock Down 0.5 %

Shares of NYSE:UFI opened at $5.02 on Friday. The business’s 50 day moving average is $5.67 and its 200 day moving average is $6.07. The stock has a market cap of $92.03 million, a P/E ratio of -2.74 and a beta of 0.80. Unifi, Inc. has a 52-week low of $4.83 and a 52-week high of $7.91. The company has a quick ratio of 1.46, a current ratio of 3.44 and a debt-to-equity ratio of 0.52.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). Unifi had a negative return on equity of 14.49% and a negative net margin of 5.62%. Sell-side analysts predict that Unifi, Inc. will post -2.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kenneth G. Langone bought 16,097 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $5.55 per share, for a total transaction of $89,338.35. Following the completion of the acquisition, the director now directly owns 2,352,000 shares in the company, valued at approximately $13,053,600. This represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.85% of the stock is owned by company insiders.

Unifi Company Profile

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.