The Manufacturers Life Insurance Company Buys Shares of 26,742 Universal Technical Institute Inc $UTI

The Manufacturers Life Insurance Company purchased a new position in Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,742 shares of the company’s stock, valued at approximately $1,144,000.

Several other large investors also recently modified their holdings of UTI. BlackRock Inc. purchased a new stake in Universal Technical Institute during the second quarter valued at $323,080,000. Coliseum Capital Management LLC grew its stake in shares of Universal Technical Institute by 46.2% during the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock valued at $103,774,000 after purchasing an additional 1,255,173 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Universal Technical Institute by 1,366.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after purchasing an additional 1,203,985 shares during the period. Thrivent Financial for Lutherans increased its position in shares of 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. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Universal Technical Institute by 65.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock valued at $41,797,000 after purchasing an additional 631,070 shares during the last quarter. Institutional investors own 75.67% of the company’s stock.

Analyst Upgrades and Downgrades

UTI has been the topic of a number of research reports. B. Riley Financial dropped their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research report 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, Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Universal Technical Institute Stock Up 2.7%

UTI stock opened at $22.19 on Friday. Universal Technical Institute Inc has a twelve month low of $20.33 and a twelve month high of $51.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.22 billion, a P/E ratio of 35.79, a PEG ratio of 2.37 and a beta of 1.17. The business’s 50-day moving average price is $34.52 and its 200-day moving average price is $36.36.

Universal Technical Institute (NYSE:UTI) last released its 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. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. On average, equities research analysts forecast that Universal Technical Institute Inc will post 0.61 EPS for the current year.

Insider Transactions at Universal Technical Institute

In related news, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the transaction, the insider owned 27,025 shares in the company, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares of the company’s stock, 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. Insiders sold a total of 3,099,045 shares of company stock valued at $128,294,100 over the last three months. Corporate insiders own 9.80% of the company’s stock.

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.