Sei Investments Co. Increases Position in Universal Technical Institute Inc $UTI

Sei Investments Co. lifted its position in Universal Technical Institute Inc (NYSE:UTI) by 371.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 139,682 shares of the company’s stock after acquiring an additional 110,056 shares during the period. Sei Investments Co.’s holdings in Universal Technical Institute were worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UTI. Thrivent Financial for Lutherans grew its stake in Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after purchasing an additional 1,140,465 shares during the last quarter. UBS Group AG increased its holdings in shares of Universal Technical Institute by 89.0% in the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock valued at $6,055,000 after purchasing an additional 109,100 shares during the period. MYDA Advisors LLC purchased a new position in shares of Universal Technical Institute in the fourth quarter worth about $1,322,000. Needham Investment Management LLC raised its stake in shares of 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 last quarter. Finally, Manatuck Hill Partners LLC lifted its holdings in shares of Universal Technical Institute by 342.8% during the fourth quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company’s stock worth $6,919,000 after purchasing an additional 205,000 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Rosenblatt Securities upped their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Insider Buying and Selling at Universal Technical Institute

In other news, CAO Christine Kline sold 3,500 shares of Universal Technical Institute 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jerome Alan Grant sold 94,500 shares of the business’s stock in a transaction on Monday, June 29th. The shares were 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 owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Stock Up 2.1%

Universal Technical Institute stock opened at $42.17 on Wednesday. The business’s 50-day moving average price is $41.78 and its 200 day moving average price is $36.92. 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 $2.32 billion, a price-to-earnings ratio of 54.77, a price-to-earnings-growth ratio of 3.62 and a beta of 1.25. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $51.34.

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

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.