Great Lakes Advisors LLC Takes $7.01 Million Position in Universal Technical Institute Inc $UTI

Great Lakes Advisors LLC acquired a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 163,870 shares of the company’s stock, valued at approximately $7,009,000. Great Lakes Advisors LLC owned approximately 0.30% of Universal Technical Institute as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after acquiring an additional 1,140,465 shares in the last quarter. UBS Group AG raised its holdings in Universal Technical Institute by 89.0% during the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock worth $6,055,000 after purchasing an additional 109,100 shares in the last quarter. MYDA Advisors LLC acquired a new stake in Universal Technical Institute in the fourth quarter worth approximately $1,322,000. Needham Investment Management LLC lifted its position in Universal Technical Institute by 46.8% in the fourth quarter. Needham Investment Management LLC now owns 807,500 shares of the company’s stock worth $21,100,000 after purchasing an additional 257,500 shares during the period. Finally, Manatuck Hill Partners LLC boosted its stake in Universal Technical Institute by 342.8% during the 4th quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company’s stock valued at $6,919,000 after purchasing an additional 205,000 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the topic of a number of research reports. Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Truist Financial lowered their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Griffin Securities set a $49.00 target price on Universal Technical Institute in a report on Thursday, April 30th. Barrington Research boosted their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Universal Technical Institute has an average rating of “Moderate Buy” and an average target price of $43.83.

Universal Technical Institute Trading Down 2.9%

NYSE:UTI opened at $24.31 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $51.34. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.75 and a beta of 1.25. The stock has a fifty day simple moving average of $38.78 and a 200 day simple moving average of $36.90.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Sell-side analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.

Insider Activity

In other news, insider Kevin Prehn sold 4,545 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the sale, the insider owned 27,025 shares in the company, valued at $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the company’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 transaction of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,102,545 shares of company stock valued at $128,449,570. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Company 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.