Azarias Capital Management L.P. Sells 271,378 Shares of Unifi, Inc. $UFI

Azarias Capital Management L.P. decreased its holdings in Unifi, Inc. (NYSE:UFI) by 28.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 671,986 shares of the textile maker’s stock after selling 271,378 shares during the quarter. Unifi accounts for about 1.6% of Azarias Capital Management L.P.’s holdings, making the stock its 23rd biggest position. Azarias Capital Management L.P.’s holdings in Unifi were worth $3,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in Unifi in the first quarter valued at approximately $96,000. Minerva Advisors LLC grew its position in shares of Unifi by 6.1% in the first quarter. Minerva Advisors LLC now owns 907,774 shares of the textile maker’s stock valued at $4,366,000 after purchasing an additional 52,533 shares during the last quarter. 22NW LP grew its position in shares of Unifi by 212.9% in the first quarter. 22NW LP now owns 731,535 shares of the textile maker’s stock valued at $3,519,000 after purchasing an additional 497,758 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Unifi by 4.8% in the first quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker’s stock valued at $4,832,000 after purchasing an additional 46,401 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Unifi in the first quarter valued at approximately $64,000. Institutional investors own 67.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research report on Saturday, September 27th. Wall Street Zen raised Unifi from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Unifi Stock Performance

Shares of UFI opened at $4.57 on Friday. Unifi, Inc. has a one year low of $4.25 and a one year high of $7.55. The company has a market cap of $83.81 million, a PE ratio of -4.00 and a beta of 0.61. The stock has a 50-day moving average of $4.54 and a 200-day moving average of $4.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.32 and a quick ratio of 1.59.

Unifi (NYSE:UFI) last released its quarterly earnings results on Wednesday, August 20th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. Unifi had a negative return on equity of 19.64% and a negative net margin of 3.56%.The business had revenue of $138.54 million during the quarter, compared to the consensus estimate of $149.84 million. On average, equities research analysts predict that Unifi, Inc. will post -2.25 EPS for the current fiscal year.

Unifi 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.