Invenomic Capital Management LP Trims Stock Holdings in Unifi, Inc. (NYSE:UFI)

Invenomic Capital Management LP cut its holdings in shares of Unifi, Inc. (NYSE:UFIFree Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 813,753 shares of the textile maker’s stock after selling 73,408 shares during the quarter. Invenomic Capital Management LP’s holdings in Unifi were worth $5,420,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Minerva Advisors LLC raised its position in shares of Unifi by 115.8% in the 3rd quarter. Minerva Advisors LLC now owns 186,483 shares of the textile maker’s stock valued at $1,317,000 after purchasing an additional 100,054 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Unifi by 32.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 53,250 shares of the textile maker’s stock valued at $355,000 after purchasing an additional 12,961 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Unifi by 0.8% in the 4th quarter. Neuberger Berman Group LLC now owns 242,630 shares of the textile maker’s stock valued at $1,616,000 after purchasing an additional 1,934 shares in the last quarter. Barclays PLC raised its position in shares of Unifi by 1,110.3% in the 3rd quarter. Barclays PLC now owns 15,818 shares of the textile maker’s stock valued at $112,000 after purchasing an additional 14,511 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in shares of Unifi by 12.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 793,797 shares of the textile maker’s stock valued at $5,287,000 after purchasing an additional 89,114 shares in the last quarter. 67.67% of the stock is owned by institutional investors and hedge funds.

Unifi Stock Performance

Shares of UFI opened at $5.99 on Tuesday. The business’s 50 day moving average is $6.03 and its two-hundred day moving average is $6.12. Unifi, Inc. has a 52-week low of $5.41 and a 52-week high of $8.97. The firm has a market cap of $109.33 million, a price-to-earnings ratio of -1.84 and a beta of 0.76. The company has a quick ratio of 1.52, a current ratio of 3.24 and a debt-to-equity ratio of 0.42.

Unifi (NYSE:UFIGet Free Report) last announced its earnings results on Wednesday, May 8th. The textile maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.12). The business had revenue of $149.00 million during the quarter, compared to analyst estimates of $149.13 million. Unifi had a negative net margin of 10.19% and a negative return on equity of 15.15%. Analysts forecast that Unifi, Inc. will post -2.32 EPS for the current fiscal year.

About Unifi

(Free Report)

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. 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.

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Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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