HighTower Advisors LLC increased its stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,364 shares of the company's stock after buying an additional 11,488 shares during the quarter. HighTower Advisors LLC owned approximately 0.08% of Universal Technical Institute worth $1,139,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in UTI. Dumac Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at approximately $43,236,000. Vanguard Group Inc. lifted its holdings in Universal Technical Institute by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock valued at $78,392,000 after purchasing an additional 306,984 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Universal Technical Institute during the 4th quarter valued at $7,638,000. Nuveen LLC acquired a new stake in Universal Technical Institute during the 1st quarter valued at $6,761,000. Finally, Divisadero Street Capital Management LP acquired a new stake in Universal Technical Institute during the 4th quarter valued at $6,685,000. Institutional investors and hedge funds own 75.67% of the company's stock.
Universal Technical Institute Price Performance
Shares of NYSE UTI traded down $0.27 during mid-day trading on Friday, reaching $26.62. The company had a trading volume of 551,922 shares, compared to its average volume of 977,524. 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 Inc has a one year low of $15.14 and a one year high of $36.32. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.69 and a beta of 1.58. The business's 50-day simple moving average is $30.27 and its 200 day simple moving average is $29.85.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The company had revenue of $204.30 million for the quarter, compared to analysts' expectations of $200.01 million. On average, research analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. Lake Street Capital reaffirmed a "buy" rating and set a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Tuesday, July 29th. Truist Financial lifted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $35.83.
Get Our Latest Stock Analysis on UTI
Universal Technical Institute Company Profile
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Free Report)
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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