SG Americas Securities LLC reduced its stake in Unifi, Inc. (NYSE: UFI – Get a rating) by 41.8% in Q1, according to the company in its most recent Form 13F filing with the SEC. The fund held 8,674 shares of the textile maker after selling 6,236 shares during the quarter. SG Americas Securities LLC’s holdings in Unifi were worth $157,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently increased or reduced their stake in UFI. Lazard Asset Management LLC increased its stake in Unifi shares by 33.9% in the 4th quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker worth $83,000 after acquiring 915 additional shares in the last quarter. Boston Partners increased its holdings of Unifi stock 17.6% in the fourth quarter. Boston Partners now owns 12,066 shares of the textile maker valued at $279,000 after purchasing an additional 1,803 shares during the period. Alpha Paradigm Partners LLC increased its position in Unifi by 41.5% during the fourth quarter. Alpha Paradigm Partners LLC now owns 10,243 shares of the textile maker worth $237,000 after buying 3,006 additional shares in the last quarter. American Century Companies Inc. increased its stake in Unifi by 21.1% during the fourth quarter. American Century Companies Inc. now owns 18,988 shares of the textile maker worth $440,000 after buying 3,304 additional shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its stake in Unifi by 21.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 20,700 shares of the textile maker valued at $479,000 after buying 3,700 additional shares in the last quarter. Hedge funds and other institutional investors own 74.37% of the company’s shares.
Unifi Stock Performance
NYSE UFI opened at $13.15 on Friday. The stock has a fifty-day simple moving average of $13.87 and a 200-day simple moving average of $16.02. The company has a current ratio of 3.14, a quick ratio of 1.71 and a debt ratio of 0.24. The stock has a market capitalization of $242.99 million, a PE ratio of 16.23 and a beta of 0.98. Unifi, Inc. has a 12-month low of $12.10 and a 12-month high of $25.70.
A Wall Street analyst gives his opinion
Separately, CJS Securities downgraded Unifi shares from an “outperforming” rating to a “market performance” rating in a research report on Thursday.
Unifi, Inc, together with its subsidiaries, is engaged 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, radiated and draw wound yarns; and pre-consumer and post-consumer waste, including plastic bottle flakes, polyester polymer and staple fiber beads to other yarn manufacturers, as well as knitters and weavers who produce yarn and /or fabrics for apparel, hosiery, home furnishings, automotive, industrial and other end-use markets.
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