Universal Technical Institute Inc $UTI Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP raised its stake in shares of Universal Technical Institute Inc (NYSE:UTI) by 12.8% during the first quarter, HoldingsChannel reports. The fund owned 1,978,776 shares of the company’s stock after acquiring an additional 223,893 shares during the quarter. Wasatch Advisors LP’s holdings in Universal Technical Institute were worth $71,434,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in Universal Technical Institute during the 2nd quarter worth $27,000. Clearstead Advisors LLC raised its stake in shares of Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after purchasing an additional 943 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute in the 1st quarter valued at about $57,000. SBI Securities Co. Ltd. lifted its position in shares of Universal Technical Institute by 4,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after purchasing an additional 5,310 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new position in shares of Universal Technical Institute during the first quarter worth about $203,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $41.52 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $45.74. The firm has a 50-day simple moving average of $38.92 and a 200 day simple moving average of $33.72. The company has a market cap of $2.29 billion, a PE ratio of 53.92, a P/E/G ratio of 3.51 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last issued its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $221.61 million. On average, sell-side analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of research reports. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research increased their target price on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their target price on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Universal Technical Institute from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.25.

Insider Buying and Selling

In related news, insider Kevin Prehn sold 4,545 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the sale, the insider owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. This trade represents a 14.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christine Kline sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,023,045 shares of company stock valued at $125,086,120 over the last three months. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Profile

Universal Technical Institute, Inc (NYSE: UTI) is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI’s curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.