Wedbush Securities Inc. Has $2.18 Million Stock Position in Unifi, Inc. (NYSE:UFI)

Wedbush Securities Inc. trimmed its stake in shares of Unifi, Inc. (NYSE:UFI) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,033 shares of the textile maker’s stock after selling 600 shares during the quarter. Wedbush Securities Inc. owned 0.65% of Unifi worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UFI. Victory Capital Management Inc. raised its position in shares of Unifi by 0.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,602,985 shares of the textile maker’s stock valued at $31,018,000 after acquiring an additional 5,597 shares during the last quarter. Impala Asset Management LLC increased its position in shares of Unifi by 4.6% during the first quarter. Impala Asset Management LLC now owns 1,580,040 shares of the textile maker’s stock worth $30,574,000 after acquiring an additional 69,638 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Unifi by 3.4% during the first quarter. Pinnacle Associates Ltd. now owns 473,960 shares of the textile maker’s stock worth $9,171,000 after acquiring an additional 15,588 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Unifi by 31.9% during the first quarter. Kennedy Capital Management Inc. now owns 219,499 shares of the textile maker’s stock worth $4,247,000 after acquiring an additional 53,089 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Unifi by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 170,706 shares of the textile maker’s stock worth $3,898,000 after acquiring an additional 9,094 shares in the last quarter. 81.37% of the stock is currently owned by institutional investors.

UFI has been the topic of several research reports. ValuEngine raised shares of Unifi from a “sell” rating to a “hold” rating in a research report on Saturday, May 4th. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th.



NYSE:UFI traded up $0.16 on Tuesday, reaching $19.43. 4,341 shares of the stock traded hands, compared to its average volume of 70,536. The firm has a market capitalization of $328.86 million, a P/E ratio of 149.46 and a beta of 0.71. The company has a quick ratio of 1.76, a current ratio of 3.55 and a debt-to-equity ratio of 0.32. Unifi, Inc. has a 12 month low of $15.90 and a 12 month high of $33.28. The stock’s fifty day moving average is $18.28.

Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, August 7th. The textile maker reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $179.49 million during the quarter, compared to analyst estimates of $186.90 million. Unifi had a net margin of 0.35% and a return on equity of 0.14%. As a group, research analysts predict that Unifi, Inc. will post 0.76 EPS for the current fiscal year.

Unifi Profile

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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