Unifi, Inc. (NYSE:UFI) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC reduced its stake in Unifi, Inc. (NYSE:UFI) by 58.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 266,131 shares of the textile maker’s stock after selling 370,117 shares during the quarter. First Eagle Investment Management LLC owned 1.46% of Unifi worth $1,568,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. increased its position in shares of Unifi by 10.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 899,771 shares of the textile maker’s stock valued at $5,300,000 after purchasing an additional 84,989 shares during the last quarter. Acuitas Investments LLC lifted its stake in shares of Unifi by 20.4% in the second quarter. Acuitas Investments LLC now owns 404,356 shares of the textile maker’s stock valued at $2,382,000 after purchasing an additional 68,605 shares during the period. Factorial Partners LLC acquired a new stake in shares of Unifi in the second quarter valued at about $103,000. Marquette Asset Management LLC increased its holdings in Unifi by 23.0% during the 1st quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock valued at $366,000 after acquiring an additional 11,426 shares in the last quarter. Finally, Azarias Capital Management L.P. increased its holdings in Unifi by 0.6% during the 1st quarter. Azarias Capital Management L.P. now owns 1,371,925 shares of the textile maker’s stock valued at $8,218,000 after acquiring an additional 8,501 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Stock Performance

Shares of NYSE UFI opened at $7.70 on Friday. The company has a market cap of $140.54 million, a PE ratio of -2.37, a price-to-earnings-growth ratio of 3.07 and a beta of 0.80. Unifi, Inc. has a 12 month low of $5.41 and a 12 month high of $7.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.25 and a quick ratio of 1.54. The company has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.04.

Unifi (NYSE:UFI) last announced its quarterly earnings results on Wednesday, August 21st. The textile maker reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. The firm had revenue of $157.45 million for the quarter, compared to analysts’ expectations of $156.69 million. Unifi had a negative net margin of 8.14% and a negative return on equity of 14.87%. During the same period in the previous year, the company posted ($0.39) earnings per share. On average, equities analysts anticipate that Unifi, Inc. will post 0.12 earnings per share for the current year.

Unifi Profile

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.