24,021 Shares in Universal Technical Institute Inc $UTI Acquired by Ellsworth Advisors LLC

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 position in Universal Technical Institute Inc (NYSE:UTI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,021 shares of the company's stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UTI. Northern Trust Corp raised its stake in shares of Universal Technical Institute by 8.6% during the fourth quarter. Northern Trust Corp now owns 373,754 shares of the company's stock valued at $9,609,000 after acquiring an additional 29,755 shares during the last quarter. Comerica Bank raised its stake in shares of Universal Technical Institute by 5,171.6% during the fourth quarter. Comerica Bank now owns 12,072 shares of the company's stock valued at $310,000 after acquiring an additional 11,843 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Universal Technical Institute by 15.3% during the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after acquiring an additional 12,017 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Universal Technical Institute by 33.4% during the fourth quarter. Bank of America Corp DE now owns 39,138 shares of the company's stock valued at $1,006,000 after acquiring an additional 9,806 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Universal Technical Institute in the fourth quarter worth about $828,000. 75.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Universal Technical Institute Stock Down 4.0%

UTI traded down $1.12 during midday trading on Friday, reaching $27.23. The company's stock had a trading volume of 976,699 shares, compared to its average volume of 593,623. The stock's 50-day moving average is $29.09 and its 200-day moving average is $29.84. Universal Technical Institute Inc has a 1 year low of $15.14 and a 1 year high of $36.32. 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 market capitalization of $1.48 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.71 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during 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%. As a group, research analysts expect that Universal Technical Institute Inc will post 1 EPS 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.