JPMorgan Chase & Co. Raises Stock Position in Unifi, Inc. (NYSE:UFI)

JPMorgan Chase & Co. raised its stake in shares of Unifi, Inc. (NYSE:UFI) by 5,775.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,163 shares of the textile maker’s stock after acquiring an additional 10,973 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Unifi worth $82,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UFI. Barclays PLC increased its holdings in Unifi by 778.3% during the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 10,172 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Unifi by 25.0% in the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after acquiring an additional 3,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Unifi in the third quarter worth approximately $128,000. Empowered Funds LLC boosted its position in shares of Unifi by 5.0% in the third quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock worth $266,000 after acquiring an additional 1,742 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Unifi by 74.2% during the third quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock valued at $288,000 after buying an additional 16,727 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors and hedge funds.

Unifi Trading Down 0.9 %

Shares of UFI stock opened at $6.28 on Tuesday. The stock has a market cap of $114.64 million, a price-to-earnings ratio of -2.72 and a beta of 0.74. The firm’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $6.22. Unifi, Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $7.91. The company has a quick ratio of 1.39, a current ratio of 3.29 and a debt-to-equity ratio of 0.46.

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.