Annex Advisory Services LLC Increases Stake in Universal Technical Institute Inc $UTI

Key Points

• Annex Advisory Services LLC has increased its stake in Universal Technical Institute by 48.6%, owning 66,435 shares valued at approximately $2.25 million after acquiring an additional 21,741 shares in the second quarter.
• Universal Technical Institute reported $0.19 earnings per share for the last quarter, surpassing analyst expectations of $0.12, and achieved a revenue of $204.3 million against estimates of $200.01 million.
• Analysts have mixed ratings on Universal Technical Institute, with consensus rating of "Buy" and an average price target of $35.83, despite a recent downgrade from Wall Street Zen from "buy" to "hold".

Annex Advisory Services LLC increased its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 48.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,435 shares of the company's stock after acquiring an additional 21,741 shares during the quarter. Annex Advisory Services LLC owned about 0.12% of Universal Technical Institute worth $2,251,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UTI. CWM LLC lifted 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 acquiring an additional 1,110 shares during the period. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute during the 1st quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Universal Technical Institute in the first quarter valued at $61,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Universal Technical Institute during the first quarter worth about $68,000. Finally, USA Financial Formulas acquired a new stake in Universal Technical Institute in the first quarter valued at about $84,000. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Price Performance

Shares of UTI traded up $0.81 during trading hours on Monday, hitting $29.10. 524,840 shares of the company were exchanged, compared to its average volume of 613,914. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 25.52, a P/E/G 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 Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32. The firm's fifty day moving average is $28.67 and its 200 day moving average is $29.88.

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

Analyst Upgrades and Downgrades

UTI has been the topic of several recent analyst reports. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Sunday. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $35.83.

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.