American Century Companies Inc. Increases Stock Holdings in Universal Technical Institute Inc $UTI

Key Points

• American Century Companies Inc. increased its holdings in Universal Technical Institute by 38.1%, acquiring an additional 370,660 shares, bringing its total ownership to 1,343,822 shares valued at approximately $34.5 million.
• Several other institutional investors also modified their stakes in Universal Technical Institute, with 75.67% of the stock now owned by institutional investors and hedge funds.
• Analysts have a consensus rating of "Buy" for Universal Technical Institute, with target prices ranging from $36.00 to $40.00, reflecting positive outlook amidst recent stock performance.

American Century Companies Inc. boosted its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 38.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,343,822 shares of the company's stock after purchasing an additional 370,660 shares during the quarter. American Century Companies Inc. owned approximately 2.47% of Universal Technical Institute worth $34,509,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Universal Technical Institute by 2,671.7% during the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock valued at $224,000 after purchasing an additional 8,416 shares during the last quarter. Calamos Advisors LLC bought a new position in Universal Technical Institute in the 1st quarter valued at $3,085,000. Teacher Retirement System of Texas grew its holdings in shares of Universal Technical Institute by 100.5% in the first quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock worth $939,000 after purchasing an additional 18,320 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Universal Technical Institute by 15.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after acquiring an additional 12,017 shares during the period. Finally, Pullen Investment Management LLC boosted its holdings in shares of Universal Technical Institute by 46.4% in the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock valued at $2,453,000 after purchasing an additional 30,250 shares during the period. 75.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UTI has been the topic of several research analyst reports. Barrington Research reissued an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Tuesday, July 29th. 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 research report on Wednesday, May 21st. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial upped their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $35.83.

Universal Technical Institute Stock Down 1.2%

UTI stock traded down $0.3330 during trading on Monday, reaching $26.4870. 560,446 shares of the company traded hands, compared to its average volume of 773,318. The business has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $29.94. 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 capitalization of $1.44 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.69 and a beta of 1.58.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The business had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. On average, equities research analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal 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.