HighTower Advisors LLC Has $1.14 Million Position in Universal Technical Institute Inc $UTI

Key Points

• HighTower Advisors LLC increased its stake in Universal Technical Institute Inc by 34.9%, now owning approximately 44,364 shares valued at about $1.14 million.
• Universal Technical Institute reported a Q2 earnings per share of $0.19, surpassing analysts' expectations of $0.12, with a revenue of $204.3 million for the quarter.
• Analysts have set a consensus price target of $35.83 for Universal Technical Institute, with multiple firms maintaining a "buy" rating.

HighTower Advisors LLC boosted its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,364 shares of the company's stock after acquiring an additional 11,488 shares during the period. HighTower Advisors LLC owned 0.08% of Universal Technical Institute worth $1,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after purchasing an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Universal Technical Institute during the first quarter worth about $61,000. USA Financial Formulas bought a new position in Universal Technical Institute during the first quarter worth about $84,000. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the 4th quarter worth about $101,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Universal Technical Institute in the 4th quarter valued at about $118,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Down 1.0%

Shares of Universal Technical Institute stock traded down $0.27 during trading on Monday, reaching $26.62. The stock had a trading volume of 551,922 shares, compared to its average volume of 976,889. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.67 and a beta of 1.65. The stock has a fifty day moving average price of $30.11 and a two-hundred day moving average price of $29.87. Universal Technical Institute Inc has a 52 week low of $15.14 and a 52 week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share (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 business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Sell-side analysts predict that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UTI has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. Lake Street Capital reissued a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. 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. Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.