Goldman Sachs Group Inc. Invests $96,000 in Unifi, Inc. $UFI

Goldman Sachs Group Inc. acquired a new position in shares of Unifi, Inc. (NYSE:UFI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,057 shares of the textile maker’s stock, valued at approximately $96,000. Goldman Sachs Group Inc. owned 0.11% of Unifi at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Unifi during the first quarter worth $64,000. 22NW LP lifted its stake in shares of Unifi by 212.9% during the first quarter. 22NW LP now owns 731,535 shares of the textile maker’s stock worth $3,519,000 after buying an additional 497,758 shares during the period. Minerva Advisors LLC lifted its stake in shares of Unifi by 6.1% during the first quarter. Minerva Advisors LLC now owns 907,774 shares of the textile maker’s stock worth $4,366,000 after buying an additional 52,533 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Unifi by 4.8% during the first quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker’s stock worth $4,832,000 after buying an additional 46,401 shares during the period. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Price Performance

UFI opened at $4.77 on Wednesday. Unifi, Inc. has a fifty-two week low of $4.25 and a fifty-two week high of $7.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.59 and a current ratio of 3.32. The company has a fifty day moving average of $4.54 and a two-hundred day moving average of $4.78. The stock has a market capitalization of $87.58 million, a price-to-earnings ratio of -4.18 and a beta of 0.56.

Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, August 20th. The textile maker reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%. The company had revenue of $138.54 million during the quarter, compared to analysts’ expectations of $149.84 million. On average, research analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th.

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.