Unifi, Inc. (UFI) Can’t Be More Risky. The Stock Formed a Bearish Double Bottom

September 16, 2018 - By Benjamin Allen

Investors sentiment increased to 1.37 in 2018 Q2. Its up 0.19, from 1.18 in 2018Q1. It increased, as 9 investors sold Unifi, Inc. shares while 32 reduced holdings. 20 funds opened positions while 36 raised stakes. 14.61 million shares or 2.25% more from 14.29 million shares in 2018Q1 were reported.
Ardsley Advisory Ptnrs holds 25,000 shares or 0.12% of its portfolio. Virginia Retirement Systems Et Al holds 0.01% or 17,800 shares. Impala Asset Mngmt Limited Liability Corporation has invested 2.14% in Unifi, Inc. (NYSE:UFI). Guggenheim Cap Limited Liability Corporation holds 0.03% in Unifi, Inc. (NYSE:UFI) or 136,614 shares. Texas Permanent School Fund holds 11,006 shares or 0% of its portfolio. 8,852 are held by Peak6 Invs Limited Partnership. Schwab Charles Inv Inc owns 0% invested in Unifi, Inc. (NYSE:UFI) for 157,459 shares. First Advsr L P accumulated 0% or 19,324 shares. State Of Alaska Department Of Revenue accumulated 0% or 5,497 shares. Tiaa Cref Management Ltd reported 53,033 shares stake. Thompson Siegel Walmsley Ltd Liability Corporation has invested 0% in Unifi, Inc. (NYSE:UFI). Neuberger Berman Gp Limited Com holds 183,454 shares. Louisiana State Employees Retirement holds 0.01% or 7,600 shares. Valueact Holdings Limited Partnership accumulated 0.27% or 925,000 shares. Pub Sector Pension Board owns 10,695 shares or 0% of their US portfolio.

Since April 30, 2018, it had 8 insider purchases, and 1 insider sale for $2.73 million activity. 8,333 Unifi, Inc. (NYSE:UFI) shares with value of $249,323 were sold by McNeill Mark A..

The chart of Unifi, Inc. (UFI) shows a double bottom with $28.20 target or 5.00 % below today’s $29.68 share price. The 9 months chart pattern indicates high risk for the $544.20M company. It was reported on Sep, 16 by Finviz.com. If the $28.20 price target is reached, the company will be worth $27.21M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 2.08% or $0.63 during the last trading session, reaching $29.68. About 82,529 shares traded or 50.58% up from the average. Unifi, Inc. (NYSE:UFI) has declined 5.48% since September 16, 2017 and is downtrending. It has underperformed by 21.10% the S&P500.

Analysts await Unifi, Inc. (NYSE:UFI) to report earnings on October, 22. They expect $0.27 earnings per share, down 43.75 % or $0.21 from last year’s $0.48 per share. UFI’s profit will be $4.95M for 27.48 P/E if the $0.27 EPS becomes a reality. After $0.39 actual earnings per share reported by Unifi, Inc. for the previous quarter, Wall Street now forecasts -30.77 % negative EPS growth.

Unifi, Inc., together with its subsidiaries, makes and sells polyester and nylon yarns. The company has market cap of $544.20 million. The firm operates through three divisions: Polyester, Nylon, and International. It has a 17.46 P/E ratio. The Polyester segment makes and sells polyester plastic bottle flakes, polymer beads, partially oriented yarns, textured, solution and package dyed, twisted, beamed, and draw wound yarns to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets in the United States and El Salvador.

Unifi, Inc. (NYSE:UFI) Institutional Positions Chart

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