AWM Investment Company Inc. acquired a new stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 489,098 shares of the company's stock, valued at approximately $20,919,000. Universal Technical Institute comprises about 1.8% of AWM Investment Company Inc.'s investment portfolio, making the stock its 18th largest position. AWM Investment Company Inc. owned 0.89% of Universal Technical Institute as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Universal Technical Institute by 132.9% in the 4th 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 last quarter. UBS Group AG increased its stake in Universal Technical Institute by 89.0% during the fourth quarter. UBS Group AG now owns 231,717 shares of the company's stock worth $6,055,000 after acquiring an additional 109,100 shares during the last quarter. Needham Investment Management LLC increased its stake in Universal Technical Institute by 46.8% during the fourth quarter. Needham Investment Management LLC now owns 807,500 shares of the company's stock worth $21,100,000 after acquiring an additional 257,500 shares during the last quarter. MYDA Advisors LLC purchased a new stake in Universal Technical Institute during the fourth quarter valued at approximately $1,322,000. Finally, Manatuck Hill Partners LLC raised its position in Universal Technical Institute by 342.8% during the fourth quarter. Manatuck Hill Partners LLC now owns 264,800 shares of the company's stock valued at $6,919,000 after purchasing an additional 205,000 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.
Universal Technical Institute Price Performance
Shares of UTI opened at $22.53 on Wednesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. Universal Technical Institute Inc has a twelve month low of $21.29 and a twelve month high of $51.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $37.49 and a two-hundred day moving average of $36.74.
Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $218.91 million for the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. As a group, analysts predict that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.
Insider Buying and Selling at Universal Technical Institute
In other news, CEO Jerome Alan Grant sold 94,500 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the sale, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. This represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the sale, the chief accounting officer directly owned 43,006 shares in the company, valued at $1,910,326.52. The trade was a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,102,545 shares of company stock valued at $128,449,570 in the last three months. Company insiders own 9.80% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Barrington Research upped their target price 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. Truist Financial decreased their price target on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. B. Riley Financial cut their price objective on Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Universal Technical Institute from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.83.
View Our Latest Stock Report on Universal Technical Institute
About Universal Technical Institute
(
Free Report)
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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