Ack Asset Management buys $8,381,664 stake in Unifi (UFI)

Unifi (UFI) : Ack Asset Management scooped up 84,768 additional shares in Unifi during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 320,400 shares of Unifi which is valued at $8,381,664.Unifi makes up approximately 2.43% of Ack Asset Management’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System sold out all of its stake in UFI during the most recent quarter. The investment firm sold 7,297 shares of UFI which is valued $190,890.Texas Permanent School Fund reduced its stake in UFI by selling 522 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 11,458 shares of UFI which is valued at $299,741. Geduld E E added UFI to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $261,000. Unifi makes up approx 0.36% of Geduld E E’s portfolio.Strs Ohio reduced its stake in UFI by selling 4,000 shares or 20.3% in the most recent quarter. The Hedge Fund company now holds 15,700 shares of UFI which is valued at $402,862.

Unifi opened for trading at $26.51 and hit $27.57 on the upside on Wednesday, eventually ending the session at $27.45, with a gain of 3.16% or 0.84 points. The heightened volatility saw the trading volume jump to 80,549 shares. Company has a market cap of $493 M.

Unifi Inc. is a manufacturing company. The Company processes and sells commodity yarns specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment Nylon segment and International segment. The Polyester segment manufactures Chip partially oriented yarn (POY) textured dyed twisted beamed and draw wound yarns both virgin and recycled with sales primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel hosiery automotive upholstery home furnishings industrial and other end-use markets. The Nylon segment manufactures textured yarns (both nylon and polyester) and spandex covered yarns with sales to knitters and weavers that produce fabric primarily for the apparel and hosiery markets. The International segment offers products including textured polyester and various types of resale yarns and staple fiber.

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