Wedbush Securities Inc. cut its stake in Unifi, Inc. (NYSE:UFI) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,135 shares of the textile maker’s stock after selling 12,197 shares during the period. Unifi comprises approximately 0.8% of Wedbush Securities Inc.’s holdings, making the stock its 18th largest holding. Wedbush Securities Inc. owned approximately 0.99% of Unifi worth $6,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of Unifi by 58.5% in the 2nd 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 in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Unifi in the 3rd quarter worth approximately $215,000. Susquehanna International Group LLP acquired a new position in shares of Unifi in the 2nd quarter worth approximately $212,000. Voya Investment Management LLC acquired a new position in shares of Unifi in the 2nd quarter worth approximately $258,000. Finally, Citadel Advisors LLC acquired a new position in shares of Unifi in the 2nd quarter worth approximately $272,000. 76.46% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on UFI shares. BidaskClub cut Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. CJS Securities started coverage on Unifi in a report on Wednesday, September 20th. They issued an “outperform” rating and a $42.00 target price for the company. ValuEngine cut Unifi from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research cut Unifi from a “hold” rating to a “sell” rating in a report on Thursday, October 26th.

WARNING: “Wedbush Securities Inc. Sells 12,197 Shares of Unifi, Inc. (UFI)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/11/03/wedbush-securities-inc-sells-12197-shares-of-unifi-inc-ufi.html.

In other news, Director Robert J. Bishop acquired 2,998 shares of the stock in a transaction on Wednesday, August 9th. The stock was acquired at an average cost of $30.99 per share, for a total transaction of $92,908.02. Following the completion of the transaction, the director now directly owns 9,198 shares in the company, valued at $285,046.02. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Bishop acquired 3,683 shares of the stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $29.98 per share, with a total value of $110,416.34. Following the completion of the transaction, the director now owns 6,200 shares of the company’s stock, valued at $185,876. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 25,632 shares of company stock valued at $827,681. Company insiders own 15.40% of the company’s stock.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Monday, October 23rd. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Unifi had a net margin of 4.98% and a return on equity of 9.53%. The business had revenue of $164.24 million during the quarter, compared to the consensus estimate of $163.42 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis.

Unifi Profile

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)

Receive News & Stock Ratings for Unifi Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi Inc. and related stocks with our FREE daily email newsletter.