Squarepoint Ops LLC Reduces Holdings in Unifi, Inc. (NYSE:UFI)

Squarepoint Ops LLC cut its stake in Unifi, Inc. (NYSE:UFI) by 15.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,609 shares of the textile maker’s stock after selling 8,867 shares during the period. Squarepoint Ops LLC owned about 0.26% of Unifi worth $280,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of UFI. Azarias Capital Management L.P. increased its position in Unifi by 0.6% during the first quarter. Azarias Capital Management L.P. now owns 1,371,925 shares of the textile maker’s stock worth $8,218,000 after buying an additional 8,501 shares during the period. Empowered Funds LLC boosted its stake in Unifi by 8.0% during the 1st quarter. Empowered Funds LLC now owns 32,222 shares of the textile maker’s stock worth $193,000 after purchasing an additional 2,384 shares during the period. Marquette Asset Management LLC grew its position in Unifi by 23.0% during the 1st quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock worth $366,000 after purchasing an additional 11,426 shares during the last quarter. Virtu Financial LLC increased its stake in Unifi by 24.9% in the first quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock valued at $95,000 after purchasing an additional 3,158 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Unifi by 10.4% in the second quarter. Pinnacle Associates Ltd. now owns 899,771 shares of the textile maker’s stock valued at $5,300,000 after buying an additional 84,989 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company’s stock.

Unifi Price Performance

Shares of UFI opened at $6.92 on Friday. The company has a market capitalization of $126.29 million, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 12.52 and a beta of 0.80. Unifi, Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.91. The firm has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $6.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.54 and a current ratio of 3.25.

Unifi (NYSE:UFI) last announced its earnings results on Wednesday, August 21st. The textile maker reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.01. Unifi had a negative return on equity of 14.87% and a negative net margin of 8.14%. The company had revenue of $157.45 million for the quarter, compared to the consensus estimate of $156.69 million. During the same period last year, the business posted ($0.39) EPS. On average, equities research analysts anticipate that Unifi, Inc. will post 0.03 earnings per share for the current year.

About Unifi

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.