12,621 Shares in Universal Technical Institute Inc (NYSE:UTI) Purchased 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 stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,621 shares of the company's stock, valued at approximately $324,000.

Several other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Universal Technical Institute by 8.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 381,650 shares of the company's stock valued at $9,801,000 after buying an additional 31,020 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock worth $78,392,000 after buying an additional 306,984 shares during the last quarter. XTX Topco Ltd raised its position in Universal Technical Institute by 89.3% in the first quarter. XTX Topco Ltd now owns 29,847 shares of the company's stock valued at $766,000 after purchasing an additional 14,080 shares during the last quarter. Bryce Point Capital LLC bought a new position in Universal Technical Institute in the first quarter valued at about $768,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Universal Technical Institute by 6.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock worth $331,000 after acquiring an additional 783 shares during the last quarter. Institutional investors own 75.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. Truist Financial lifted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Barrington Research reiterated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Lake Street Capital restated a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $35.83.

Universal Technical Institute Trading Up 3.5%

Shares of UTI stock traded up $0.90 during trading hours on Friday, reaching $26.40. The company's stock had a trading volume of 442,789 shares, compared to its average volume of 769,502. The stock has a market capitalization of $1.44 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.62 and a beta of 1.58. Universal Technical Institute Inc has a one year low of $15.14 and a one year high of $36.32. The firm's fifty day simple moving average is $31.77 and its 200 day simple moving average is $29.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23.

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

Universal Technical Institute Company Profile

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.