Posted by admin on Aug 18th, 2022
Boston Partners grew its stake in shares of Unifi, Inc. (NYSE:UFI – Get Rating) by 30.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,777 shares of the textile maker’s stock after buying an additional 3,711 shares during the period. Boston Partners owned approximately 0.09% of Unifi worth $286,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in UFI. Lazard Asset Management LLC raised its stake in shares of Unifi by 33.9% in the fourth quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock valued at $83,000 after purchasing an additional 915 shares in the last quarter. KBC Group NV raised its stake in shares of Unifi by 185.4% in the 4th quarter. KBC Group NV now owns 6,712 shares of the textile maker’s stock valued at $155,000 after buying an additional 4,360 shares in the last quarter. PDT Partners LLC bought a new position in shares of Unifi during the 4th quarter worth about $215,000. HighTower Advisors LLC acquired a new stake in shares of Unifi during the 4th quarter valued at about $232,000. Finally, Alpha Paradigm Partners LLC increased its stake in Unifi by 41.5% in the fourth quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker’s stock valued at $237,000 after acquiring an additional 3,006 shares during the period. Institutional investors own 74.37% of the company’s stock.
Separately, CJS Securities cut shares of Unifi from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th.
Unifi stock opened at $13.16 on Thursday. The business has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $15.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.24 and a quick ratio of 1.65. The company has a market capitalization of $243.17 million, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.34 and a beta of 0.98. Unifi, Inc. has a one year low of $12.10 and a one year high of $25.70.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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