Neuberger Berman Group LLC raised its holdings in Unifi, Inc. (NYSE:UFI) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 197,375 shares of the textile maker’s stock after acquiring an additional 20,846 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.08% of Unifi worth $6,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UFI. Aperio Group LLC increased its position in Unifi by 8.1% in the 2nd quarter. Aperio Group LLC now owns 14,487 shares of the textile maker’s stock valued at $446,000 after acquiring an additional 1,086 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Unifi by 18.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 19,500 shares of the textile maker’s stock valued at $601,000 after acquiring an additional 2,970 shares during the period. Harbour Capital Advisors LLC increased its position in Unifi by 2,980.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 9,240 shares of the textile maker’s stock valued at $300,000 after acquiring an additional 8,940 shares during the period. Great West Life Assurance Co. Can increased its position in Unifi by 7.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 24,450 shares of the textile maker’s stock valued at $752,000 after acquiring an additional 1,800 shares during the period. Finally, Texas Permanent School Fund increased its position in Unifi by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 11,175 shares of the textile maker’s stock valued at $344,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 77.99% of the company’s stock.

In other news, Director Robert J. Bishop bought 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $29.98 per share, with a total value of $110,416.34. Following the completion of the purchase, the director now directly owns 6,200 shares in the company, valued at $185,876. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul R. Charron bought 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $35,200.00. Following the completion of the purchase, the director now owns 18,520 shares of the company’s stock, valued at $592,640. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 21,183 shares of company stock worth $650,934. 16.40% of the stock is owned by insiders.

Several brokerages have issued reports on UFI. Zacks Investment Research cut shares of Unifi from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. BidaskClub cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, ValuEngine cut shares of Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th.

Shares of Unifi, Inc. (NYSE:UFI) opened at 32.69 on Tuesday. The company has a market capitalization of $595.74 million, a price-to-earnings ratio of 18.37 and a beta of 0.81. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $29.05. Unifi, Inc. has a 1-year low of $26.02 and a 1-year high of $34.70.

Unifi (NYSE:UFI) last issued its earnings results on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, topping the 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 company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $165.18 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Unifi, Inc. will post $1.86 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Unifi (NYSE:UFI)

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