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. reduced its stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 30.6% during the first quarter, according to its most recent 13F 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 0.27% of Universal Technical Institute worth $3,821,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC lifted 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 period. Calamos Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $3,085,000. Teacher Retirement System of Texas lifted 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 period. Hsbc Holdings PLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter worth approximately $256,000. Finally, Ameriprise Financial Inc. lifted 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 period. 75.67% of the stock is currently owned by institutional investors.

Universal Technical Institute Price Performance

Universal Technical Institute stock opened at $27.66 on Thursday. The company's 50 day simple moving average is $28.84 and its 200-day simple moving average is $29.80. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 1.73 and a beta of 1.65. Universal Technical Institute Inc has a 1 year low of $15.14 and a 1 year 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million for 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, equities research analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UTI. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 7th. Truist Financial upped 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 report on Thursday, May 22nd. Wall Street Zen raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $35.83.

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.

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