Alyeska Investment Group L.P. Has $46.01 Million Stock Holdings in Universal Technical Institute Inc $UTI

Key Points

• Alyeska Investment Group increased its UTI stake by 18.7% to 1.08 million shares worth approximately $46.01 million. Institutional investors collectively own 75.67% of Universal Technical Institute.
• UTI reported quarterly EPS of $0.04, beating estimates of $0.02, while revenue of $218.91 million fell slightly short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.83.
• Insiders sold more than 3.1 million shares valued at roughly $128.45 million over the past 90 days, including a 3 million-share sale by Coliseum Capital Management. UTI shares opened at $21.31, near their 12-month low of $20.85.

Alyeska Investment Group L.P. increased its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 18.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075,771 shares of the company's stock after buying an additional 169,513 shares during the period. Alyeska Investment Group L.P. owned 1.95% of Universal Technical Institute worth $46,011,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Universal Technical Institute during the second quarter worth approximately $323,080,000. Coliseum Capital Management LLC lifted its holdings in shares of Universal Technical Institute by 46.2% during the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company's stock worth $103,774,000 after buying an additional 1,255,173 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Universal Technical Institute by 1,366.0% during the first quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company's stock worth $46,646,000 after buying an additional 1,203,985 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock valued at $52,217,000 after acquiring an additional 1,140,465 shares during the period. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Universal Technical Institute in the second quarter valued at about $46,879,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $21.31 on Monday. The firm has a 50 day moving average of $36.40 and a 200-day moving average of $36.66. The stock has a market capitalization of $1.17 billion, a PE ratio of 34.37, a PEG ratio of 2.34 and a beta of 1.25. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. Universal Technical Institute Inc has a 12 month low of $20.85 and a 12 month high of $51.34.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly 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 business had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. On average, equities research analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on UTI shares. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research note on Thursday, May 7th. Weiss Ratings raised shares of Universal Technical Institute from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. B. Riley Financial dropped their price target on shares of Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Barrington Research boosted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Finally, Truist Financial reduced their price target on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.83.

Insiders Place Their Bets

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the transaction, the director owned 971,440 shares in the company, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kevin Prehn sold 4,545 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the transaction, the insider directly owned 27,025 shares of the company's stock, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,102,545 shares of company stock valued at $128,449,570. 9.80% of the stock is owned by corporate insiders.

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.

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