UBS Group AG Increases Position in Universal Technical Institute Inc $UTI

UBS Group AG raised its position in shares of Universal Technical Institute Inc (NYSE:UTI) by 89.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 231,717 shares of the company’s stock after purchasing an additional 109,100 shares during the quarter. UBS Group AG’s holdings in Universal Technical Institute were worth $6,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. acquired a new position in Universal Technical Institute during the third quarter valued at $18,901,000. Envestnet Asset Management Inc. grew its position in Universal Technical Institute by 68.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock worth $4,964,000 after purchasing an additional 61,971 shares during the period. Chatham Capital Group Inc. grew its position in Universal Technical Institute by 73.3% during the 4th quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after purchasing an additional 28,972 shares during the period. Vanguard Group Inc. raised its stake in shares of Universal Technical Institute by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,452 shares of the company’s stock valued at $112,508,000 after buying an additional 141,426 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Universal Technical Institute during the 3rd quarter valued at about $27,924,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 3.2%

UTI stock opened at $37.24 on Thursday. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $41.53. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.05 billion, a P/E ratio of 48.36, a PEG ratio of 3.16 and a beta of 1.28. The company’s 50-day simple moving average is $36.86 and its 200-day simple moving average is $31.18.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. As a group, equities analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on UTI shares. Zacks Research upgraded Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. Griffin Securities set a $49.00 price target on Universal Technical Institute in a research report on Thursday, April 30th. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a research report on Thursday, May 7th. Finally, Barrington Research raised their price objective on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.40.

Insiders Place Their Bets

In other news, EVP Sherrell Smith sold 22,671 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $37.10, for a total transaction of $841,094.10. Following the transaction, the executive vice president owned 37,474 shares in the company, valued at $1,390,285.40. This trade represents a 37.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Todd A. Hitchcock sold 16,500 shares of Universal Technical Institute stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $37.33, for a total transaction of $615,945.00. Following the completion of the sale, the chief operating officer directly owned 104,084 shares in the company, valued at $3,885,455.72. This represents a 13.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,211 shares of company stock valued at $5,744,337. 9.80% of the stock is owned by 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.