Informed Momentum Co LLC Buys 108,838 Shares of Universal Technical Institute Inc (NYSE:UTI)

Key Points

• Informed Momentum Co LLC significantly increased its holdings in Universal Technical Institute Inc by 333.1%, acquiring 108,838 shares, bringing its total to 141,516 shares valued at $3.634 million.
• Several other institutional investors also raised their stakes, contributing to institutional ownership now at 75.67% of the company's stock.
• Universal Technical Institute's recent earnings report showed a profit of $0.19 per share, surpassing analysts' expectations, with revenue reported at $204.3 million.

Informed Momentum Co LLC raised its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 333.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,516 shares of the company's stock after buying an additional 108,838 shares during the period. Informed Momentum Co LLC owned about 0.26% of Universal Technical Institute worth $3,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UTI. JPMorgan Chase & Co. boosted its stake in shares of Universal Technical Institute by 25.0% during the 4th quarter. JPMorgan Chase & Co. now owns 143,250 shares of the company's stock valued at $3,683,000 after buying an additional 28,617 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Universal Technical Institute by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 48,154 shares of the company's stock valued at $1,238,000 after purchasing an additional 6,490 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $203,000. Invesco Ltd. lifted its stake in shares of Universal Technical Institute by 26.7% in the 4th quarter. Invesco Ltd. now owns 354,673 shares of the company's stock valued at $9,119,000 after purchasing an additional 74,833 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Universal Technical Institute in the 4th quarter valued at $993,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

Universal Technical Institute stock traded down $0.28 on Thursday, reaching $25.49. 840,085 shares of the stock were exchanged, compared to its average volume of 771,734. The stock has a market cap of $1.39 billion, a PE ratio of 22.36, a PEG ratio of 1.67 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The firm has a fifty day moving average price of $31.96 and a two-hundred day moving average price of $29.97.

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, topping analysts' consensus estimates of $0.12 by $0.07. The firm had revenue of $204.30 million during the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. Sell-side analysts anticipate that Universal Technical Institute Inc will post 1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UTI. Truist Financial lifted 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 note on Thursday, May 22nd. Lake Street Capital reaffirmed a "buy" rating and issued a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Universal Technical Institute 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.