Unifi, Inc. (NYSE:UFI) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its stake in Unifi, Inc. (NYSE:UFI) by 40.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 135,269 shares of the textile maker’s stock after selling 93,273 shares during the period. D. E. Shaw & Co. Inc. owned about 0.74% of Unifi worth $845,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock worth $82,000 after purchasing an additional 10,973 shares in the last quarter. Barclays PLC increased its stake in shares of Unifi by 778.3% during the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after acquiring an additional 10,172 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Unifi by 53.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker’s stock worth $144,000 after acquiring an additional 8,000 shares during the period. Northern Trust Corp increased its stake in shares of Unifi by 22.4% during the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker’s stock worth $407,000 after acquiring an additional 11,919 shares during the period. Finally, 22NW LP acquired a new position in Unifi during the fourth quarter worth about $1,461,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Unifi from a “hold” rating to a “sell” rating in a report on Thursday, May 8th.

Unifi Stock Performance

Shares of UFI opened at $4.93 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 company has a market capitalization of $90.57 million, a price-to-earnings ratio of -2.70 and a beta of 0.63. Unifi, Inc. has a 1 year low of $4.25 and a 1 year high of $7.91. The company’s 50 day simple moving average is $4.87 and its 200 day simple moving average is $5.42.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.07. Unifi had a negative net margin of 5.62% and a negative return on equity of 14.49%. The company had revenue of $146.56 million for the quarter, compared to the consensus estimate of $145.28 million. On average, sell-side analysts predict that Unifi, Inc. will post -2.25 EPS for the current year.

Unifi Company Profile

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.