Bosun Asset Management LLC Has $1.25 Million Position in Universal Technical Institute Inc $UTI

Key Points

• Bosun Asset Management LLC sold 11,079 shares of Universal Technical Institute, reducing its holdings by 18.6%, now owning 48,502 shares valued at approximately $1,246,000.
• Analysts have varying ratings for Universal Technical Institute, with Truist Financial raising the price target to $40 and others assigning "hold" or "buy" ratings, reflecting a consensus rating of "Buy".
• Universal Technical Institute reported $204.30 million in revenue for the last quarter, surpassing estimates, and disclosed an EPS of $0.19, exceeding analyst expectations of $0.12.

Bosun Asset Management LLC decreased its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 48,502 shares of the company's stock after selling 11,079 shares during the quarter. Bosun Asset Management LLC owned 0.09% of Universal Technical Institute worth $1,246,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after purchasing an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Universal Technical Institute during the 1st quarter worth about $61,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Universal Technical Institute during the 1st quarter worth about $68,000. USA Financial Formulas bought a new position in shares of Universal Technical Institute during the 1st quarter worth about $84,000. Finally, Lazard Asset Management LLC bought a new position in shares of Universal Technical Institute during the 4th quarter worth about $101,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded up $0.61 during mid-day trading on Monday, reaching $27.54. 473,869 shares of the stock were exchanged, compared to its average volume of 763,714. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a 50-day simple moving average of $29.58 and a 200 day simple moving average of $29.83. Universal Technical Institute Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The business 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 fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on UTI shares. Truist Financial raised their price target 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. Lake Street Capital restated a "buy" rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research restated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Company 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.