ValueAct Holdings L.P. Acquires 167,500 Shares of Unifi, Inc. (NYSE:UFI)

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ValueAct Holdings L.P. grew its holdings in Unifi, Inc. (NYSE:UFI) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,298,402 shares of the textile maker’s stock after acquiring an additional 167,500 shares during the period. Unifi accounts for approximately 0.2% of ValueAct Holdings L.P.’s holdings, making the stock its 22nd largest position. ValueAct Holdings L.P. owned about 0.07% of Unifi worth $23,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its stake in shares of Unifi by 41.8% in the second quarter. Parametric Portfolio Associates LLC now owns 45,615 shares of the textile maker’s stock worth $829,000 after buying an additional 13,447 shares during the last quarter. Alambic Investment Management L.P. raised its stake in Unifi by 70.7% during the 2nd quarter. Alambic Investment Management L.P. now owns 46,090 shares of the textile maker’s stock valued at $837,000 after purchasing an additional 19,083 shares during the last quarter. Northern Trust Corp raised its stake in Unifi by 3.1% during the 2nd quarter. Northern Trust Corp now owns 210,159 shares of the textile maker’s stock valued at $3,819,000 after purchasing an additional 6,307 shares during the last quarter. Cutler Group LP raised its stake in Unifi by 39.0% during the 2nd quarter. Cutler Group LP now owns 2,138 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Unifi by 4.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 190,922 shares of the textile maker’s stock valued at $3,470,000 after purchasing an additional 8,524 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

In other Unifi news, insider Spring Master Fund L. Valueact acquired 115,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $18.80 per share, for a total transaction of $2,162,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth G. Langone acquired 12,500 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $18.42 per share, with a total value of $230,250.00. Following the purchase, the director now owns 1,182,500 shares in the company, valued at approximately $21,781,650. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 228,841 shares of company stock valued at $4,385,065. Corporate insiders own 22.41% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Unifi from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Thursday, August 15th.

NYSE:UFI traded up $0.21 during trading hours on Thursday, hitting $22.87. 10,191 shares of the company traded hands, compared to its average volume of 99,260. The stock has a market capitalization of $424.16 million, a price-to-earnings ratio of 175.77 and a beta of 0.70. Unifi, Inc. has a twelve month low of $15.90 and a twelve month high of $29.26. The firm has a 50-day moving average of $19.86 and a 200 day moving average of $19.55. The company has a current ratio of 3.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.28.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, August 7th. The textile maker reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Unifi had a net margin of 0.35% and a return on equity of 0.14%. The firm had revenue of $179.49 million during the quarter, compared to analysts’ expectations of $186.90 million. Equities research analysts predict that Unifi, Inc. will post 0.86 earnings per share for the current fiscal year.

About Unifi

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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Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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