11,900 Shares in Universal Technical Institute Inc $UTI Bought by Strs Ohio

Key Points

• Strs Ohio has acquired a new position in Universal Technical Institute, purchasing 11,900 shares valued at approximately $306,000 in the first quarter.
• Universal Technical Institute reported earnings of $0.19 per share for the last quarter, surpassing analyst expectations of $0.12.
• Institutional investors currently hold 75.67% of Universal Technical Institute's stock, indicating significant institutional interest in the company.

Strs Ohio purchased a new position in Universal Technical Institute Inc (NYSE:UTI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,900 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds have also made changes to their positions in UTI. GAMMA Investing LLC lifted its holdings in Universal Technical Institute by 2,671.7% in the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after purchasing an additional 8,416 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Universal Technical Institute in the first quarter valued at approximately $3,085,000. Teacher Retirement System of Texas lifted its stake in shares of Universal Technical Institute by 100.5% in the first quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock worth $939,000 after buying an additional 18,320 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Universal Technical Institute during the 1st quarter worth $256,000. Finally, Ameriprise Financial Inc. grew its stake in Universal Technical Institute by 15.3% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after buying an additional 12,017 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Trading Down 0.5%

Shares of Universal Technical Institute stock opened at $28.95 on Wednesday. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32. The firm has a market capitalization of $1.58 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.83 and a beta of 1.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The company's fifty day moving average price is $28.61 and its two-hundred day moving average price is $29.87.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. On average, analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UTI. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Sunday. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, Universal Technical Institute has an average rating of "Buy" and a consensus price target of $35.83.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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