Pillsbury Lake Capital LLC Takes $13.75 Billion Position in Universal Technical Institute Inc $UTI

Pillsbury Lake Capital LLC bought a new position in Universal Technical Institute Inc (NYSE:UTI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 321,556 shares of the company’s stock, valued at approximately $13,752,950,000. Universal Technical Institute makes up about 3.8% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 7th largest holding.

A number of other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares during the period. AQR Capital Management LLC acquired a new position in Universal Technical Institute in the 1st quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after buying an additional 5,216 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute in the 1st quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Universal Technical Institute by 13.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after buying an additional 9,951 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UTI. Barrington Research boosted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 6th. Truist Financial dropped their price target on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock opened at $22.12 on Thursday. The firm has a market cap of $1.22 billion, a P/E ratio of 35.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.25. The firm’s 50-day simple moving average is $37.15 and its 200-day simple moving average is $36.72. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $51.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results 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. The firm had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. As a group, research analysts expect that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer directly owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the sale, the director owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,102,545 shares of company stock valued at $128,449,570. 9.80% of the stock is currently owned by corporate insiders.

About Universal Technical Institute

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.