Alyeska Investment Group L.P. Has $14 Million Position in Universal Technical Institute Inc $UTI

Key Points

• Alyeska Investment Group L.P. has reduced its holdings in Universal Technical Institute Inc (NYSE: UTI) by 51.8%, owning approximately 1.00% of the company after selling over 586,000 shares in the first quarter.
• Universal Technical Institute's quarterly earnings showed a profit of $0.19 per share, surpassing expectations of $0.12, alongside revenue of $204.30 million against a forecast of $200.01 million.
• Analysts maintain a positive outlook on Universal Technical Institute, with a consensus rating of "Buy" and an average price target of $35.83, despite a recent downgrade by Wall Street Zen.

Alyeska Investment Group L.P. lessened its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 51.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 545,091 shares of the company's stock after selling 586,668 shares during the quarter. Alyeska Investment Group L.P. owned about 1.00% of Universal Technical Institute worth $13,998,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UTI. CWM LLC boosted its stake in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after purchasing an additional 1,110 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Universal Technical Institute in the first quarter valued at $61,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Universal Technical Institute in the first quarter valued at $68,000. USA Financial Formulas acquired a new position in Universal Technical Institute during the first quarter worth about $84,000. Finally, Lazard Asset Management LLC acquired a new position in Universal Technical Institute during the fourth quarter worth about $101,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UTI. Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, August 7th. Truist Financial raised their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Barrington Research restated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $35.83.

Universal Technical Institute Trading Down 1.4%

Shares of NYSE:UTI traded down $0.38 during mid-day trading on Friday, hitting $26.92. The stock had a trading volume of 445,646 shares, compared to its average volume of 748,846. The company's 50 day moving average is $29.58 and its 200-day moving average is $29.83. Universal Technical Institute Inc has a 12-month low of $15.14 and a 12-month high of $36.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.47 billion, a PE ratio of 23.62, a P/E/G ratio of 1.69 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million for 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%. On average, sell-side analysts predict that Universal Technical Institute Inc will post 1 EPS for the current year.

Universal Technical Institute 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.