Victory Capital Management Inc. grew its stake in Unifi, Inc. (NYSE:UFI) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,570,759 shares of the textile maker’s stock after acquiring an additional 136,309 shares during the period. Victory Capital Management Inc. owned 8.55% of Unifi worth $44,500,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Unifi by 7.1% in the 2nd quarter. BlackRock Inc. now owns 2,272,234 shares of the textile maker’s stock valued at $72,030,000 after acquiring an additional 151,101 shares in the last quarter. ValueAct Holdings L.P. bought a new position in Unifi during the second quarter worth about $29,323,000. Schwab Charles Investment Management Inc. grew its holdings in Unifi by 1.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 157,459 shares of the textile maker’s stock worth $4,992,000 after purchasing an additional 2,694 shares during the period. Principal Financial Group Inc. grew its holdings in Unifi by 2.6% during the first quarter. Principal Financial Group Inc. now owns 130,434 shares of the textile maker’s stock worth $4,728,000 after purchasing an additional 3,304 shares during the period. Finally, Bank of America Corp DE grew its holdings in Unifi by 33.3% during the second quarter. Bank of America Corp DE now owns 67,118 shares of the textile maker’s stock worth $2,128,000 after purchasing an additional 16,777 shares during the period. Institutional investors own 80.09% of the company’s stock.
Unifi stock 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 current ratio of 3.52 and a quick ratio of 1.87. The stock has a market cap of $495.35 million, a P/E ratio of 28.99 and a beta of 0.89.
A number of research firms recently commented on UFI. Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. ValuEngine upgraded Unifi from a “sell” rating to a “hold” rating in a report on Thursday, November 1st.
In related news, Director Robert J. Bishop acquired 22,459 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was purchased at an average cost of $32.35 per share, for a total transaction of $726,548.65. Following the completion of the transaction, the director now directly owns 10,288 shares of the company’s stock, valued at approximately $332,816.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Spring Master Fund L. Valueact acquired 43,360 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were bought at an average price of $26.45 per share, with a total value of $1,146,872.00. The disclosure for this purchase can be found here. Insiders have purchased 114,579 shares of company stock valued at $3,221,975 in the last quarter. 22.41% of the stock is currently owned by corporate insiders.
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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