Goldman Sachs Group Inc. Sells 65,628 Shares of Universal Technical Institute Inc $UTI

Key Points

• Goldman Sachs Group Inc. reduced its stake in Universal Technical Institute Inc by 30.6%, selling 65,628 shares and now holding 148,779 shares worth approximately $3.82 million.
• Several hedge funds have increased their investments in Universal Technical Institute, with GAMMA Investing LLC lifting its position by 2,671.7% in Q1, while Teacher Retirement System of Texas increased its stake by 100.5%.
• Universal Technical Institute reported earnings per share of $0.19, exceeding estimates, with a market capitalization of $1.51 billion, and a consensus rating of "Buy" from analysts.

Goldman Sachs Group Inc. decreased its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 30.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,779 shares of the company's stock after selling 65,628 shares during the period. Goldman Sachs Group Inc. owned approximately 0.27% of Universal Technical Institute worth $3,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UTI. Militia Capital Partners LP increased its holdings in Universal Technical Institute by 10.4% in the 1st quarter. Militia Capital Partners LP now owns 18,040 shares of the company's stock worth $463,000 after acquiring an additional 1,700 shares in the last quarter. Inspire Investing LLC lifted its position in Universal Technical Institute by 166.6% in the first quarter. Inspire Investing LLC now owns 41,280 shares of the company's stock worth $1,060,000 after buying an additional 25,795 shares during the last quarter. Strs Ohio bought a new stake in Universal Technical Institute in the first quarter worth $306,000. Ellsworth Advisors LLC bought a new stake in shares of Universal Technical Institute during the first quarter worth $617,000. Finally, Jane Street Group LLC lifted its position in shares of Universal Technical Institute by 144.1% during the first quarter. Jane Street Group LLC now owns 88,410 shares of the company's stock worth $2,270,000 after purchasing an additional 52,184 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. 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. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Tuesday, July 29th. 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 data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Trading Down 1.0%

UTI stock traded down $0.28 during trading on Friday, reaching $28.30. 1,287,570 shares of the stock traded hands, compared to its average volume of 584,153. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32. The business's 50 day moving average price is $28.72 and its 200-day moving average price is $29.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.54 billion, a PE ratio of 24.82, a P/E/G ratio of 1.78 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $204.30 million for the quarter, compared to analysts' expectations of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, sell-side 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.