Moran Wealth Management LLC Acquires 13,233 Shares of Universal Technical Institute Inc $UTI

Moran Wealth Management LLC lifted its holdings in Universal Technical Institute Inc (NYSE:UTI) by 49.9% during the first quarter, Holdings Channel reports. The institutional investor owned 39,754 shares of the company’s stock after acquiring an additional 13,233 shares during the quarter. Moran Wealth Management LLC’s holdings in Universal Technical Institute were worth $1,435,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UTI. Y Intercept Hong Kong Ltd bought a new position in shares of Universal Technical Institute during the first quarter valued at approximately $944,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Universal Technical Institute during the first quarter valued at approximately $471,000. Conestoga Capital Advisors LLC boosted its position in shares of Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock worth $46,646,000 after purchasing an additional 1,203,985 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $542,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $259,000. 75.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on UTI shares. Griffin Securities set a $49.00 price objective on Universal Technical Institute in a research note on Thursday, April 30th. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Truist Financial lifted their price target on Universal Technical Institute from $40.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Barrington Research upped 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 note on Thursday, May 7th. Finally, B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Universal Technical Institute Stock Down 0.8%

UTI traded down $0.41 during trading on Tuesday, hitting $49.52. 77,374 shares of the company’s stock traded hands, compared to its average volume of 896,714. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 64.26, a PEG ratio of 4.23 and a beta of 1.23. The company’s 50 day simple moving average is $39.96 and its two-hundred day simple moving average is $34.68. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $50.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.

Universal Technical Institute (NYSE:UTI) last posted 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 analysts’ expectations of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Analysts predict that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $155,470.00. Following the transaction, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at $1,910,326.52. The trade was a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,117,545 shares of company stock worth $128,998,420 in the last quarter. Insiders own 9.80% of the company’s stock.

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.