Russell Investments Group Ltd. Sells 28,311 Shares of Unifi, Inc. (NYSE:UFI)

Russell Investments Group Ltd. cut its position in shares of Unifi, Inc. (NYSE:UFI) by 50.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,271 shares of the textile maker’s stock after selling 28,311 shares during the period. Russell Investments Group Ltd. owned 0.15% of Unifi worth $170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UFI. State Street Corp lifted its holdings in Unifi by 5.7% during the 3rd quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock valued at $432,000 after purchasing an additional 3,200 shares during the last quarter. Barclays PLC lifted its stake in shares of Unifi by 778.3% during the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after buying an additional 10,172 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Unifi by 5,775.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock worth $82,000 after buying an additional 10,973 shares during the period. Peapod Lane Capital LLC bought a new position in Unifi in the 4th quarter valued at about $3,191,000. Finally, Minerva Advisors LLC lifted its position in Unifi by 5.6% during the fourth quarter. Minerva Advisors LLC now owns 855,241 shares of the textile maker’s stock worth $5,345,000 after acquiring an additional 45,013 shares during the last quarter. 67.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Unifi news, Director Kenneth G. Langone bought 16,097 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $5.55 per share, for a total transaction of $89,338.35. Following the transaction, the director now directly owns 2,352,000 shares in the company, valued at approximately $13,053,600. This trade represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.85% of the stock is currently owned by insiders.

Unifi Stock Up 0.2 %

UFI opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.46 and a current ratio of 3.44. The stock has a fifty day moving average of $5.08 and a 200-day moving average of $5.69. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.91. The company has a market capitalization of $99.65 million, a P/E ratio of -2.97 and a beta of 0.50.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, February 5th. The textile maker reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.31). Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. On average, equities analysts expect that Unifi, Inc. will post -2.25 EPS for the current year.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.