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Pinnacle Associates LTD Trimmed Its Unifi (UFI) Stake by $925,884; Private Capital Management Lifted Its Holding in Avid Technology (AVID) by $2.54 Million

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Pinnacle Associates Ltd decreased its stake in Unifi Inc (UFI) by 3.86% based on its latest 2018Q1 regulatory filing with the SEC. Pinnacle Associates Ltd sold 25,719 shares as the company’s stock declined 10.82% with the market. The institutional investor held 640,308 shares of the consumer non-durables company at the end of 2018Q1, valued at $23.21 million, down from 666,027 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Unifi Inc for a number of months, seems to be less bullish one the $592.61M market cap company. The stock increased 0.22% or $0.07 during the last trading session, reaching $32.32. About 40,676 shares traded. Unifi, Inc. (NYSE:UFI) has risen 15.57% since June 13, 2017 and is uptrending. It has outperformed by 3.00% the S&P500. Some Historical UFI News: 30/05/2018 – Unifi Software Announces New AI Capabilities to Its Data Platform to Make Cataloging and Discovering Data Even Faster and More; 16/04/2018 – UNIFI – FOR FISCAL 2018, CONTINUES TO BELIEVE ITS NET SALES PERFORMANCE WILL BE CONSISTENT WITH PREVIOUSLY ANNOUNCED GUIDANCE; 25/04/2018 – UNIFI INC UFI.N – COMPANY CONTINUES TO EXPECT SALES VOLUME GROWTH DRIVING REVENUE GROWTH IN LOW-TO-MID SINGLE DIGIT PERCENTAGE RANGE FOR YEAR; 14/05/2018 – VA Partners I, LLC, Affiliates Report Stake In Unifi; 25/04/2018 – Unifi Expects Fiscal 2018 Operating Income and Adjusted EBITDA to Be Well Below Fiscal 2017 Results; 12/04/2018 – UNIFI – INTENDS TO TRANSITION DYED YARN BUSINESS FROM NATIONAL SPINNING’S FACILITY IN BURLINGTON, N.C., TO UNIFI’S DYE HOUSE IN REIDSVILLE, N.C; 14/05/2018 – ValueAct Holds 5% Stake in Unifi Inc; 12/04/2018 – UNIFI IN PACT TO BUY DYED YARN BUSINESS, ASSETS OF NATIONAL; 12/04/2018 – UNIFI INC – ONCE COMPLETED, UNIFI EXPECTS ITS REIDSVILLE DYE HOUSE TO OPERATE ON A SEVEN-DAY SCHEDULE; 14/05/2018 – UNIFI HOLDER VALUEACT TO HAVE MORE DISCUSSIONS WITH MANAGEMENT

Private Capital Management Llc increased its stake in Avid Technology Inc. (AVID) by 96.48% based on its latest 2018Q1 regulatory filing with the SEC. Private Capital Management Llc bought 634,189 shares as the company’s stock rose 7.19% while stock markets declined. The institutional investor held 1.29M shares of the miscellaneous company at the end of 2018Q1, valued at $5.86M, up from 657,325 at the end of the previous reported quarter. Private Capital Management Llc who had been investing in Avid Technology Inc. for a number of months, seems to be bullish on the $195.89 million market cap company. The stock decreased 0.42% or $0.02 during the last trading session, reaching $4.72. About 238,494 shares traded or 26.42% up from the average. Avid Technology, Inc. (NASDAQ:AVID) has declined 2.06% since June 13, 2017 and is downtrending. It has underperformed by 14.63% the S&P500. Some Historical AVID News: 30/05/2018 – Avid NEXIS | E5 NL Nearline Storage Solution Now Available; 15/05/2018 – AVID TECHNOLOGY INC – FOURTH AMENDMENT ALSO INCREASES AMOUNT OF CONVERTIBLE NOTES COMPANY MAY PURCHASE FROM $15 MLN TO $40 MLN; 07/04/2018 – Avid l On Demand SaaS Platform Unveiled to Deliver Media Workflows in the Cloud; 10/05/2018 – Avid Technology 1Q Loss/Shr 22c; 01/05/2018 – New Research Coverage Highlights ICF International, Strayer Education, Avid Technology, Fox Factory Holding, LegacyTexas Financ; 09/03/2018 – Avid Upgrades MTV3’s News Production Infrastructure; 09/03/2018 – Avid Upgrades MTV3’s News Production Infrastructure; 31/05/2018 – AVID TECHNOLOGY INC – APPOINTS KEN GAYRON AS CHIEF FINANCIAL OFFICER; 15/03/2018 – Avid Technology Sees 1Q Rev $95M-$105M; 23/05/2018 – Avid Enters Multiyear Agreement with Seneca College to Upgrade Media Creation and Production Teaching Facilities across Eight Campuses

Investors sentiment decreased to 1.18 in 2018 Q1. Its down 0.13, from 1.31 in 2017Q4. It fall, as 13 investors sold UFI shares while 32 reduced holdings. 12 funds opened positions while 41 raised stakes. 14.29 million shares or 0.40% more from 14.23 million shares in 2017Q4 were reported. Aqr Cap Lc reported 0% stake. Arizona State Retirement Systems reported 0.01% of its portfolio in Unifi, Inc. (NYSE:UFI). Wells Fargo Com Mn stated it has 0% of its portfolio in Unifi, Inc. (NYSE:UFI). Advisory Services Network Ltd Liability accumulated 1 shares. Principal Group reported 0% in Unifi, Inc. (NYSE:UFI). State Of Tennessee Treasury Department owns 0% invested in Unifi, Inc. (NYSE:UFI) for 12,153 shares. Guggenheim Capital Ltd Limited Liability Company has invested 0.01% in Unifi, Inc. (NYSE:UFI). Louisiana State Employees Retirement Systems reported 7,500 shares. Thrivent Fincl For Lutherans holds 10,975 shares or 0% of its portfolio. The Minnesota-based Ameriprise Financial has invested 0% in Unifi, Inc. (NYSE:UFI). State Street Corporation holds 0% or 405,006 shares in its portfolio. Alliancebernstein LP holds 9,800 shares or 0% of its portfolio. Suntrust Banks holds 0% or 13,234 shares. First Manhattan reported 3,740 shares. Rice Hall James Associates Limited Liability Com reported 0.09% in Unifi, Inc. (NYSE:UFI).

Another recent and important Unifi, Inc. (NYSE:UFI) news was published by Seekingalpha.com which published an article titled: “Tracking Jeffrey Ubben’s ValueAct Portfolio – Q1 2018 Update” on May 22, 2018.

Analysts await Unifi, Inc. (NYSE:UFI) to report earnings on July, 25. They expect $0.29 earnings per share, down 44.23% or $0.23 from last year’s $0.52 per share. UFI’s profit will be $5.32M for 27.86 P/E if the $0.29 EPS becomes a reality. After $0.01 actual earnings per share reported by Unifi, Inc. for the previous quarter, Wall Street now forecasts 2,800.00% EPS growth.

Pinnacle Associates Ltd, which manages about $6.31 billion and $5.10 billion US Long portfolio, upped its stake in Newell Brands Inc (NYSE:NWL) by 39,662 shares to 219,210 shares, valued at $5.59 million in 2018Q1, according to the filing. It also increased its holding in Philip Morris Intl Inc (NYSE:PM) by 4,014 shares in the quarter, for a total of 83,806 shares, and has risen its stake in Ishares Tr (IVV).

Since February 2, 2018, it had 12 buys, and 1 insider sale for $5.34 million activity. Shares for $249,323 were sold by McNeill Mark A. on Monday, April 30.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Nasdaq.com which released: “Avid Partners Deliver Live Immersive Audio for Avid VENUE | S6L” on June 06, 2018, also Bizjournals.com with their article: “Avid Technology names new CFO, shakes up leadership” published on May 31, 2018, Seekingalpha.com published: “Avid Technology appoints CFO, other leadership members” on May 31, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Investingnews.com and their article: “Avid Enters Multiyear Agreement with Seneca College” published on May 23, 2018 as well as Nasdaq.com‘s news article titled: “Avid Enters Multiyear Agreement with Seneca College to Upgrade Media Creation and Production Teaching Facilities …” with publication date: May 23, 2018.

Among 4 analysts covering Avid Technology (NASDAQ:AVID), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Avid Technology had 6 analyst reports since August 11, 2015 according to SRatingsIntel. BWS Financial maintained Avid Technology, Inc. (NASDAQ:AVID) on Wednesday, November 11 with “Buy” rating. The rating was downgraded by Dougherty & Company to “Buy” on Tuesday, August 11. Dougherty downgraded the shares of AVID in report on Thursday, December 7 to “Sell” rating. The firm has “Hold” rating given on Thursday, November 10 by BWS Financial. As per Wednesday, December 9, the company rating was initiated by Singular Research.

Private Capital Management Llc, which manages about $900.00M and $636.50 million US Long portfolio, decreased its stake in Zimmer Biomet Holdings Inc. (ZMH) by 2,907 shares to 84,287 shares, valued at $9.19M in 2018Q1, according to the filing. It also reduced its holding in Tronox Limited (NYSE:TROX) by 23,060 shares in the quarter, leaving it with 1.36M shares, and cut its stake in Peoples United Financial Inc. (NASDAQ:PBCT).

Investors sentiment decreased to 0.73 in Q1 2018. Its down 0.68, from 1.41 in 2017Q4. It turned negative, as 15 investors sold AVID shares while 29 reduced holdings. 11 funds opened positions while 21 raised stakes. 28.16 million shares or 5.80% less from 29.89 million shares in 2017Q4 were reported. Bancorporation Of America Corporation De stated it has 0% in Avid Technology, Inc. (NASDAQ:AVID). Meeder Asset Management Inc holds 473 shares or 0% of its portfolio. Vanguard Grp accumulated 2.59M shares. New York-based Jefferies Grp Inc Limited Liability Co has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Manufacturers Life Insurance Company The owns 28,159 shares. California State Teachers Retirement Sys has 51,655 shares. Invesco Ltd has 141,934 shares for 0% of their portfolio. Clearbridge Invs Ltd Limited Liability Company owns 615,372 shares or 0% of their US portfolio. Blackrock Incorporated stated it has 2.06M shares. Balyasny Asset Management Lc has 65,152 shares. Wells Fargo & Company Mn, a California-based fund reported 55,700 shares. Morgan Stanley holds 0% or 362,104 shares. State Street accumulated 543,359 shares. Royal Savings Bank Of Canada holds 5,140 shares. Cove Street Cap reported 3.12% in Avid Technology, Inc. (NASDAQ:AVID).

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

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