Posted by admin on Aug 10th, 2022
Los Angeles Capital Management LLC trimmed its holdings in Unifi, Inc. (NYSE:UFI – Get Rating) by 21.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,256 shares of the textile maker’s stock after selling 28,178 shares during the quarter. Los Angeles Capital Management LLC owned about 0.54% of Unifi worth $1,815,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of UFI. Lazard Asset Management LLC lifted its stake in Unifi by 33.9% in the 4th quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker’s stock worth $83,000 after purchasing an additional 915 shares in the last quarter. KBC Group NV lifted its stake in Unifi by 185.4% in the 4th quarter. KBC Group NV now owns 6,712 shares of the textile maker’s stock worth $155,000 after purchasing an additional 4,360 shares in the last quarter. PDT Partners LLC purchased a new position in Unifi in the 4th quarter worth approximately $215,000. HighTower Advisors LLC purchased a new position in Unifi in the 4th quarter worth approximately $232,000. Finally, Alpha Paradigm Partners LLC lifted its stake in Unifi by 41.5% in the 4th quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker’s stock worth $237,000 after purchasing an additional 3,006 shares in the last quarter. 74.37% of the stock is owned by hedge funds and other institutional investors.
UFI opened at $14.08 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.14 and a quick ratio of 1.71. The company’s 50 day simple moving average is $14.00 and its two-hundred day simple moving average is $16.16. Unifi, Inc. has a 1-year low of $12.10 and a 1-year high of $25.70. The firm has a market capitalization of $260.17 million, a price-to-earnings ratio of 10.67 and a beta of 0.98.
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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