12,621 Shares in Universal Technical Institute Inc (NYSE:UTI) Bought by Cynosure Group LLC

Key Points

• Cynosure Group LLC purchased 12,621 shares of Universal Technical Institute Inc (NYSE:UTI) during the first quarter, valued at approximately $324,000.
• Universal Technical Institute reported $0.19 earnings per share for the last quarter, exceeding analysts' estimates and achieving revenue of $204.30 million.
• Analysts have set price targets for UTI stock, with Lake Street Capital issuing a "buy" rating and adjusting the target price to $38.00, while Wall Street Zen downgraded it to "hold" with a target of $35.83.

Cynosure Group LLC acquired a new position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,621 shares of the company's stock, valued at approximately $324,000.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in Universal Technical Institute by 24.4% during the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock worth $51,000 after purchasing an additional 388 shares during the last quarter. CWM LLC boosted its holdings in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after acquiring an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Universal Technical Institute during the first quarter valued at $61,000. USA Financial Formulas acquired a new position in shares of Universal Technical Institute during the first quarter valued at $84,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the fourth quarter valued at $101,000. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Stock Performance

UTI stock opened at $26.83 on Monday. The company has a market capitalization of $1.46 billion, a P/E ratio of 23.53, a PEG ratio of 1.68 and a beta of 1.58. The company has a 50-day simple moving average of $32.54 and a 200 day simple moving average of $30.02. Universal Technical Institute Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Sell-side analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Insider Activity

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total value of $191,040.00. Following the sale, the director directly owned 32,516 shares in the company, valued at approximately $1,035,309.44. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total transaction of $917,400.00. Following the completion of the sale, the chief operating officer owned 80,521 shares in the company, valued at approximately $2,686,180.56. This trade represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company's stock.

Analysts Set New Price Targets

UTI has been the subject of several analyst reports. Lake Street Capital reissued a "buy" rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday. Truist Financial boosted their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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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