State of Alaska Department of Revenue Boosts Stock Position in UniFirst Corp (NYSE:UNF)

State of Alaska Department of Revenue increased its stake in shares of UniFirst Corp (NYSE:UNF) by 126.9% in the third quarter, HoldingsChannel reports. The firm owned 11,851 shares of the textile maker’s stock after buying an additional 6,629 shares during the quarter. State of Alaska Department of Revenue’s holdings in UniFirst were worth $2,312,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UNF. NumerixS Investment Technologies Inc purchased a new stake in UniFirst during the 2nd quarter worth about $38,000. SRS Capital Advisors Inc. purchased a new stake in UniFirst during the 2nd quarter worth about $39,000. Cutler Group LP purchased a new stake in UniFirst during the 2nd quarter worth about $56,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in UniFirst during the 2nd quarter worth about $57,000. Finally, Shine Investment Advisory Services Inc. purchased a new stake in UniFirst during the 2nd quarter worth about $68,000. Hedge funds and other institutional investors own 77.40% of the company’s stock.

UniFirst stock traded down $0.03 during midday trading on Wednesday, reaching $189.59. 2,506 shares of the company were exchanged, compared to its average volume of 117,494. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 25.45 and a beta of 0.73. The firm’s 50-day simple moving average is $195.06 and its 200-day simple moving average is $176.76. UniFirst Corp has a 1 year low of $132.38 and a 1 year high of $205.22.



A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on UniFirst from $155.00 to $183.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. ValuEngine cut UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Zacks Investment Research cut UniFirst from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 29th.

In related news, major shareholder Cecelia Levenstein sold 11,592 shares of UniFirst stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $196.66, for a total transaction of $2,279,682.72. Following the completion of the sale, the insider now owns 100,650 shares in the company, valued at approximately $19,793,829. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 29,500 shares of company stock valued at $5,846,211. 1.00% of the stock is currently owned by company insiders.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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Institutional Ownership by Quarter for UniFirst (NYSE:UNF)

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