Credit Agricole S A Acquires 38,829 Shares of Universal Technical Institute Inc $UTI

Key Points

• Credit Agricole S A increased its holdings in Universal Technical Institute by 105.1%, acquiring an additional 38,829 shares to reach a total of 75,779 shares valued at approximately $1.95 million.
• Wall Street analysts have mixed ratings for Universal Technical Institute, with one downgrade to 'hold' and multiple 'buy' ratings, leading to an average rating of 'Buy' and a consensus target price of $35.83.
• Universal Technical Institute reported earnings of $0.19 per share, surpassing analysts' expectations, with a revenue of $204.30 million for the quarter.

Credit Agricole S A increased its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 105.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,779 shares of the company's stock after buying an additional 38,829 shares during the quarter. Credit Agricole S A owned 0.14% of Universal Technical Institute worth $1,946,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after buying an additional 776 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after buying an additional 777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Universal Technical Institute by 6.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock worth $331,000 after buying an additional 783 shares in the last quarter. CWM LLC grew its holdings in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after buying an additional 1,110 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Universal Technical Institute by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after buying an additional 1,294 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UTI has been the subject of a number of research reports. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Lake Street Capital reiterated a "buy" rating and set a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Truist Financial increased their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Rosenblatt Securities reissued 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 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, the company has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Price Performance

Shares of NYSE UTI opened at $26.8210 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute Inc has a 1-year low of $15.14 and a 1-year high of $36.32. The business's 50 day moving average is $30.93 and its 200-day moving average is $29.94.

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 for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. Equities research analysts predict that Universal Technical Institute Inc will post 1 earnings per share 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.

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