Assenagon Asset Management S.A. Raises Position in Unifi, Inc. (NYSE:UFI)

Assenagon Asset Management S.A. raised its holdings in shares of Unifi, Inc. (NYSE:UFI) by 32.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,250 shares of the textile maker’s stock after acquiring an additional 12,961 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.29% of Unifi worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of UFI. Azarias Capital Management L.P. lifted its stake in shares of Unifi by 59.0% during the 3rd quarter. Azarias Capital Management L.P. now owns 1,293,073 shares of the textile maker’s stock valued at $9,181,000 after buying an additional 479,792 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Unifi by 757.5% during the 4th quarter. Millennium Management LLC now owns 294,201 shares of the textile maker’s stock valued at $2,533,000 after buying an additional 259,893 shares in the last quarter. Two Sigma Investments LP lifted its stake in shares of Unifi by 121.6% during the 4th quarter. Two Sigma Investments LP now owns 211,813 shares of the textile maker’s stock valued at $1,824,000 after buying an additional 116,221 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Unifi by 25.0% during the 1st quarter. Invesco Ltd. now owns 538,068 shares of the textile maker’s stock valued at $9,739,000 after buying an additional 107,502 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of Unifi during the 2nd quarter valued at $857,000. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Unifi Stock Performance

Shares of NYSE UFI opened at $5.84 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.76 and a current ratio of 3.74. The company has a market cap of $106.05 million, a P/E ratio of -1.97 and a beta of 0.76. The firm’s fifty day moving average is $5.88 and its two-hundred day moving average is $6.30. Unifi, Inc. has a 52-week low of $5.58 and a 52-week high of $9.34.

Unifi (NYSE:UFI) last announced its quarterly earnings results on Wednesday, January 31st. The textile maker reported ($0.81) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.85) by $0.04. The company had revenue of $136.92 million for the quarter, compared to the consensus estimate of $135.50 million. Unifi had a negative net margin of 9.18% and a negative return on equity of 12.63%. As a group, analysts anticipate that Unifi, Inc. will post -2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th.

Unifi Company Profile

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.