Ellsworth Advisors LLC Takes Position in Universal Technical Institute Inc $UTI

Key Points

• Ellsworth Advisors LLC has invested approximately $617,000 in Universal Technical Institute, acquiring 24,021 shares during the first quarter of the year.
• Universal Technical Institute reported earnings of $0.19 per share for the last quarter, exceeding analysts' estimates and generating revenue of $204.30 million.
• Analysts have given Universal Technical Institute a consensus rating of "Buy" with a target price averaging $35.83, reflecting positive outlook based on recent earnings and stock performance.

Ellsworth Advisors LLC purchased a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,021 shares of the company's stock, valued at approximately $617,000.

A number of other hedge funds also recently bought and sold shares of UTI. Lord Abbett & CO. LLC raised its position in Universal Technical Institute by 58.3% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock valued at $75,101,000 after purchasing an additional 1,077,076 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at about $20,631,000. American Century Companies Inc. boosted its position in shares of Universal Technical Institute by 38.1% during the 1st quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock worth $34,509,000 after acquiring an additional 370,660 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock worth $78,392,000 after acquiring an additional 306,984 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Universal Technical Institute during the 1st quarter worth about $7,860,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Ratings Changes

UTI has been the subject of several recent research reports. Barrington Research reiterated an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Wall Street Zen raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial upped 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. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Finally, Lake Street Capital reissued a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Stock Performance

Shares of UTI stock traded down $0.14 during trading hours on Wednesday, reaching $27.43. The stock had a trading volume of 145,114 shares, compared to its average volume of 754,936. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The firm has a 50-day simple moving average of $28.92 and a 200-day simple moving average of $29.82. The firm has a market capitalization of $1.49 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.72 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings data 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. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The business had revenue of $204.30 million for the quarter, compared to analysts' expectations of $200.01 million. As a group, equities analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

About Universal Technical Institute

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.