Assenagon Asset Management S.A. Sells 1,882 Shares of Unifi, Inc. (NYSE:UFI)

Assenagon Asset Management S.A. trimmed its stake in Unifi, Inc. (NYSE:UFIGet Rating) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,554 shares of the textile maker’s stock after selling 1,882 shares during the quarter. Assenagon Asset Management S.A. owned 0.43% of Unifi worth $738,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank bought a new stake in Unifi in the first quarter worth $112,000. Atria Wealth Solutions Inc. bought a new stake in Unifi in the second quarter worth $422,000. Money Concepts Capital Corp boosted its holdings in Unifi by 13.8% in the second quarter. Money Concepts Capital Corp now owns 12,281 shares of the textile maker’s stock worth $172,000 after acquiring an additional 1,490 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Unifi by 20.5% in the second quarter. Thrivent Financial for Lutherans now owns 13,615 shares of the textile maker’s stock worth $191,000 after acquiring an additional 2,320 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Unifi by 57.0% in the first quarter. MetLife Investment Management LLC now owns 7,481 shares of the textile maker’s stock worth $135,000 after acquiring an additional 2,716 shares in the last quarter. 65.72% of the stock is owned by institutional investors.

Unifi Stock Down 0.2 %

Unifi stock opened at $9.22 on Monday. The stock has a market cap of $166.29 million, a PE ratio of -102.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.95 and a current ratio of 4.05. Unifi, Inc. has a one year low of $6.33 and a one year high of $23.11. The stock has a fifty day moving average of $8.30 and a 200 day moving average of $10.45.

Unifi (NYSE:UFIGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The textile maker reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.43). The firm had revenue of $179.52 million for the quarter, compared to analysts’ expectations of $192.90 million. Unifi had a negative net margin of 0.17% and a negative return on equity of 0.62%. As a group, sell-side analysts predict that Unifi, Inc. will post -1.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UFI shares. StockNews.com downgraded Unifi from a “hold” rating to a “sell” rating in a report on Monday, November 7th. TheStreet downgraded Unifi from a “c-” rating to a “d” rating in a report on Friday, November 4th.

Insider Buying and Selling at Unifi

In related news, Director Kenneth G. Langone bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average price of $7.09 per share, for a total transaction of $709,000.00. Following the completion of the transaction, the director now owns 1,691,402 shares in the company, valued at $11,992,040.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 105,003 shares of company stock valued at $749,894 in the last three months. 12.85% of the stock is currently owned by corporate insiders.

About Unifi

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Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.

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Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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