Strs Ohio Has $51,000 Stock Position in Universal Technical Institute Inc $UTI

Strs Ohio trimmed its holdings in shares of Universal Technical Institute Inc (NYSE:UTI) by 94.8% during the first quarter, Holdings Channel.com reports. The fund owned 1,400 shares of the company’s stock after selling 25,300 shares during the quarter. Strs Ohio’s holdings in Universal Technical Institute were worth $51,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new stake in Universal Technical Institute in the 2nd quarter worth about $27,000. Clearstead Advisors LLC increased its holdings in shares of Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute during the first quarter worth approximately $57,000. SBI Securities Co. Ltd. raised its position in shares of Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after buying an additional 5,310 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC acquired a new stake in shares of Universal Technical Institute in the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Insider Activity

In other news, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction 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 transaction, the insider owned 27,025 shares in the company, 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, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director directly owned 971,440 shares of the company’s stock, valued at $40,217,616. This trade represents a 75.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,117,545 shares of company stock valued at $128,998,420. Corporate insiders own 9.80% of the company’s stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $47.95 on Tuesday. The firm has a 50 day moving average of $41.26 and a 200-day moving average of $35.47. The stock has a market capitalization of $2.64 billion, a PE ratio of 62.28, a PEG ratio of 4.25 and a beta of 1.23. 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 Inc has a 12 month low of $21.29 and a 12 month high of $51.34.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. 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. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a report on Thursday, May 7th. Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 8th. Finally, Griffin Securities set a $49.00 target price on Universal Technical Institute in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

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.