Assenagon Asset Management S.A. Grows Position in Unifi, Inc. (NYSE:UFI)

Assenagon Asset Management S.A. boosted its position in shares of Unifi, Inc. (NYSE:UFI) by 74.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,259 shares of the textile maker’s stock after acquiring an additional 16,727 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Unifi were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. increased its holdings 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 acquiring an additional 84,989 shares during the period. Virtu Financial LLC grew its position in Unifi by 24.9% during the 1st quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock worth $95,000 after purchasing an additional 3,158 shares during the last quarter. Empowered Funds LLC increased its stake in Unifi by 8.0% in the first quarter. Empowered Funds LLC now owns 32,222 shares of the textile maker’s stock valued at $193,000 after purchasing an additional 2,384 shares during the period. Factorial Partners LLC purchased a new stake in shares of Unifi in the second quarter valued at about $103,000. Finally, Marshall Wace LLP boosted its stake in shares of Unifi by 10.6% during the second quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock worth $472,000 after buying an additional 7,679 shares during the period. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Unifi Stock Up 2.9 %

UFI opened at $6.30 on Monday. Unifi, Inc. has a 52 week low of $5.41 and a 52 week high of $7.91. The business has a 50 day moving average price of $6.92 and a two-hundred day moving average price of $6.27. The company has a quick ratio of 1.54, a current ratio of 3.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $114.98 million, a PE ratio of -2.73, a P/E/G ratio of 11.33 and a beta of 0.80.

Unifi (NYSE:UFI) last released its quarterly earnings results on Wednesday, August 21st. The textile maker reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.01. Unifi had a negative return on equity of 13.42% and a negative net margin of 7.07%. The business had revenue of $157.45 million during the quarter, compared to analysts’ expectations of $156.69 million. During the same quarter in the prior year, the business earned ($0.39) earnings per share. As a group, research analysts anticipate that Unifi, Inc. will post 0.03 EPS for the current year.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.