23,020 Shares in Universal Technical Institute Inc $UTI Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 23,020 shares of Universal Technical Institute Inc valued at approximately $592,000 during the first quarter.
• The company reported $204.30 million in revenue for its last quarter, surpassing analysts' expectations of $200.01 million and achieving an earnings per share (EPS) of $0.19.
• Universal Technical Institute's stock has a consensus rating of "Buy" from analysts, with an average target price of $35.83 following several positive ratings changes.

Dynamic Technology Lab Private Ltd bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,020 shares of the company's stock, valued at approximately $592,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Uniplan Investment Counsel Inc. increased its position in shares of Universal Technical Institute by 24.0% in the first quarter. Uniplan Investment Counsel Inc. now owns 230,543 shares of the company's stock worth $5,920,000 after purchasing an additional 44,679 shares during the period. NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute in the first quarter worth $57,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Universal Technical Institute by 23.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company's stock worth $711,000 after purchasing an additional 5,216 shares during the period. AQR Capital Management LLC bought a new position in shares of Universal Technical Institute in the first quarter worth $1,226,000. Finally, PDT Partners LLC bought a new position in shares of Universal Technical Institute in the first quarter worth $1,787,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UTI. Wall Street Zen upgraded Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Saturday. Lake Street Capital reiterated a "buy" rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. 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. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Barrington Research reiterated an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Trading Down 4.0%

Shares of UTI stock traded down $1.12 during mid-day trading on Friday, reaching $27.23. 976,699 shares of the stock traded hands, compared to its average volume of 614,158. The stock's fifty day simple moving average is $29.09 and its two-hundred day simple moving average is $29.82. Universal Technical Institute Inc has a 1-year low of $15.14 and a 1-year high of $36.32. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.78 and a beta of 1.65. 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 announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The firm had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. On average, research analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

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.