Russell Investments Group Ltd. Boosts Holdings in Unifi, Inc. (NYSE:UFI)

Russell Investments Group Ltd. grew its position in Unifi, Inc. (NYSE:UFI – Get Rating) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,320 shares of the textile maker’s stock after buying an additional 57,620 shares during the period. Russell Investments Group Ltd. owned 0.87% of Unifi worth $1,346,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UFI. Invesco Ltd. grew its stake in shares of Unifi by 25.0% in the 1st quarter. Invesco Ltd. now owns 538,068 shares of the textile maker’s stock valued at $9,739,000 after buying an additional 107,502 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Unifi in the 3rd quarter valued at approximately $909,000. Two Sigma Advisers LP grew its stake in shares of Unifi by 199.0% in the 3rd quarter. Two Sigma Advisers LP now owns 124,548 shares of the textile maker’s stock valued at $1,184,000 after buying an additional 82,900 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Unifi during the 3rd quarter worth approximately $429,000. Finally, Marshall Wace LLP purchased a new position in shares of Unifi during the 3rd quarter worth approximately $427,000. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Insider Buying and Selling at Unifi

In other Unifi news, Director Archibald Cox, Jr. sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $8.16, for a total value of $408,000.00. Following the completion of the transaction, the director now owns 129,376 shares of the company’s stock, valued at approximately $1,055,708.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. CJS Securities raised shares of Unifi from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 2nd. StockNews.com assumed coverage on shares of Unifi in a research report on Thursday, May 18th. They set a “sell” rating for the company.

Unifi Stock Performance

Shares of UFI stock opened at $7.39 on Thursday. The company has a quick ratio of 2.02, a current ratio of 3.89 and a debt-to-equity ratio of 0.39. Unifi, Inc. has a 52 week low of $6.33 and a 52 week high of $16.32. The stock has a market capitalization of $133.46 million, a PE ratio of -4.80 and a beta of 0.88. The firm has a 50 day moving average of $7.98 and a two-hundred day moving average of $8.48.

Unifi Profile

(Get Rating)

Unifi, Inc engages in the manufacture and sale of synthetic and recycled products made from polyester and nylon. It operates through the following segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment sells polyester-based products to other yarn manufacturers, knitters, and weavers that produce yarn and fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in U.S.