Driehaus Capital Management LLC Buys New Shares in Universal Technical Institute Inc $UTI

Key Points

• Driehaus Capital Management LLC made a significant new investment of $20.63 million in Universal Technical Institute, acquiring approximately 803,402 shares, which now represents 1.48% of the company.
• Universal Technical Institute's shares are currently trading at $26.62, with a 12-month price range of $15.14 to $36.32, indicating strong volatility.
• The company recently reported earnings per share of $0.19, surpassing analysts' expectations of $0.12, and had revenues of $204.30 million for the quarter.

Driehaus Capital Management LLC bought a new position in Universal Technical Institute Inc (NYSE:UTI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 803,402 shares of the company's stock, valued at approximately $20,631,000. Driehaus Capital Management LLC owned about 1.48% of Universal Technical Institute as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Universal Technical Institute by 2,671.7% in the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after purchasing an additional 8,416 shares during the last quarter. Calamos Advisors LLC bought a new stake in shares of Universal Technical Institute in the 1st quarter worth about $3,085,000. Teacher Retirement System of Texas increased its position in shares of Universal Technical Institute by 100.5% in the 1st 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% in the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after purchasing an additional 12,017 shares during the last quarter. Finally, Pullen Investment Management LLC increased its position in shares of Universal Technical Institute by 46.4% in the 4th quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after purchasing an additional 30,250 shares during the last quarter. Institutional investors own 75.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UTI. Barrington Research reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Lake Street Capital reaffirmed a "buy" rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Price Performance

Shares of NYSE:UTI traded down $0.27 during trading on Monday, reaching $26.62. The company had a trading volume of 551,922 shares, compared to its average volume of 976,889. The firm's fifty day moving average is $30.11 and its 200 day moving average is $29.87. The firm has a market capitalization of $1.45 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.65. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve 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.

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 for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. On average, equities analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current year.

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.