Bank of New York Mellon Corp Raises Position in Unifi, Inc. (UFI)

Bank of New York Mellon Corp boosted its position in shares of Unifi, Inc. (NYSE:UFI) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,935 shares of the textile maker’s stock after purchasing an additional 6,662 shares during the period. Bank of New York Mellon Corp owned 1.51% of Unifi worth $9,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UFI. Victory Capital Management Inc. boosted its position in Unifi by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,093,908 shares of the textile maker’s stock valued at $39,238,000 after purchasing an additional 71,626 shares during the last quarter. LSV Asset Management lifted its position in shares of Unifi by 9.2% in the fourth quarter. LSV Asset Management now owns 516,241 shares of the textile maker’s stock worth $18,517,000 after buying an additional 43,300 shares during the last quarter. Royce & Associates LP lifted its position in shares of Unifi by 8.9% in the third quarter. Royce & Associates LP now owns 435,503 shares of the textile maker’s stock worth $15,517,000 after buying an additional 35,500 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Unifi by 58.6% in the third quarter. GSA Capital Partners LLP now owns 76,218 shares of the textile maker’s stock worth $2,716,000 after buying an additional 28,167 shares during the last quarter. Finally, OxFORD Asset Management LLP lifted its position in shares of Unifi by 173.2% in the third quarter. OxFORD Asset Management LLP now owns 43,233 shares of the textile maker’s stock worth $1,549,000 after buying an additional 27,410 shares during the last quarter. 79.18% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Robert J. Bishop purchased 1,396 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average cost of $35.04 per share, for a total transaction of $48,915.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Bishop purchased 13,329 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average price of $35.30 per share, for a total transaction of $470,513.70. Following the completion of 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. Insiders have purchased a total of 108,007 shares of company stock valued at $3,789,877 in the last three months. 15.40% of the stock is owned by insiders.

Shares of NYSE:UFI traded down $0.13 on Friday, reaching $37.97. The company had a trading volume of 45,239 shares, compared to its average volume of 60,187. Unifi, Inc. has a twelve month low of $26.52 and a twelve month high of $39.21. The stock has a market capitalization of $697.14, a P/E ratio of 20.30 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.91 and a quick ratio of 2.18.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Thursday, January 25th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Unifi had a return on equity of 9.72% and a net margin of 5.97%. The business had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $159.17 million. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. research analysts expect that Unifi, Inc. will post 1.95 EPS for the current fiscal year.

A number of analysts have weighed in on UFI shares. Zacks Investment Research raised Unifi from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine raised Unifi from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

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Unifi Company Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells polyester and nylon yarns. The company operates through 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 in the United States and El Salvador.

Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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