Victory Capital Management Inc. lowered its position in shares of Unifi, Inc. (NYSE:UFI) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 935,719 shares of the textile maker’s stock after selling 3,628 shares during the period. Victory Capital Management Inc. owned about 5.13% of Unifi worth $28,820,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Unifi by 58.5% in the second quarter. BNP Paribas Arbitrage SA now owns 4,628 shares of the textile maker’s stock worth $143,000 after buying an additional 1,709 shares during the period. Legal & General Group Plc boosted its stake in Unifi by 8.9% in the second quarter. Legal & General Group Plc now owns 28,013 shares of the textile maker’s stock worth $863,000 after buying an additional 2,288 shares during the period. Rhumbline Advisers boosted its stake in Unifi by 1.0% in the second quarter. Rhumbline Advisers now owns 30,539 shares of the textile maker’s stock worth $941,000 after buying an additional 313 shares during the period. Stearns Financial Services Group boosted its stake in Unifi by 1.5% in the second quarter. Stearns Financial Services Group now owns 82,457 shares of the textile maker’s stock worth $2,540,000 after buying an additional 1,183 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Unifi by 22.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 125,121 shares of the textile maker’s stock worth $3,854,000 after buying an additional 22,670 shares during the period. 78.12% of the stock is currently owned by institutional investors.

Shares of Unifi, Inc. (UFI) opened at 31.24 on Friday. The company’s 50-day moving average price is $31.00 and its 200 day moving average price is $28.92. The company has a market cap of $569.32 million, a PE ratio of 17.55 and a beta of 0.82. Unifi, Inc. has a one year low of $26.02 and a one year high of $34.70.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business had revenue of $171.30 million for the quarter, compared to analyst estimates of $165.18 million. During the same period in the prior year, the business posted $0.57 earnings per share. Unifi’s revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Unifi, Inc. will post $1.86 EPS for the current fiscal year.

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A number of research firms have recently weighed in on UFI. Zacks Investment Research cut Unifi from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. BidaskClub cut Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, ValuEngine cut Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.

In other Unifi news, Director Robert J. Bishop acquired 2,998 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $30.99 per share, for a total transaction of $92,908.02. Following the completion of the acquisition, the director now directly owns 9,198 shares of the company’s stock, valued at approximately $285,046.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul R. Charron acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price of $31.50 per share, for a total transaction of $31,500.00. Following the completion of the acquisition, the director now directly owns 19,915 shares of the company’s stock, valued at $627,322.50. The disclosure for this purchase can be found here. Insiders purchased 21,183 shares of company stock worth $650,934 over the last 90 days. 16.40% of the stock is currently owned by company insiders.

About Unifi

Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.

Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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