Independent Advisor Alliance Grows Stock Holdings in Universal Technical Institute Inc (NYSE:UTI)

Key Points

• Independent Advisor Alliance increased its investment in Universal Technical Institute Inc by 98.3%, acquiring a total of 24,110 shares valued at $619,000 as of its latest SEC filing.
• Analysts have issued new price targets for UTI, with Lake Street Capital and Truist Financial raising their targets to $38.00 and $40.00, respectively, while maintaining buy ratings on the stock.
• The latest earnings report for Universal Technical Institute showed EPS of $0.19, surpassing estimates, with revenues of $204.30 million beating consensus expectations.

Independent Advisor Alliance lifted its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 98.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,110 shares of the company's stock after purchasing an additional 11,953 shares during the period. Independent Advisor Alliance's holdings in Universal Technical Institute were worth $619,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in UTI. CWM LLC boosted its stake in 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 buying an additional 1,110 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Universal Technical Institute during the 1st quarter worth $61,000. USA Financial Formulas purchased a new position in shares of Universal Technical Institute during the 1st quarter worth $84,000. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute during the 4th quarter valued at about $101,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $118,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UTI has been the topic of a number of recent analyst reports. Lake Street Capital reiterated a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. Truist Financial boosted their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $35.83.

Universal Technical Institute Stock Performance

NYSE UTI opened at $25.49 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.62 and a beta of 1.58. 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 stock has a 50-day moving average of $31.77 and a two-hundred day moving average of $29.96. Universal Technical Institute Inc has a 1-year low of $15.14 and a 1-year high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its 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 return on equity of 22.12% and a net margin of 7.79%. As a group, analysts anticipate that Universal Technical Institute Inc will post 1 EPS 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.

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