Universal Technical Institute Inc $UTI Shares Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC has increased its stake in Universal Technical Institute Inc (NYSE: UTI) by 166.6%, bringing its total holdings to 41,280 shares worth approximately $1.06 million.
• Universal Technical Institute's stock recently reported earnings of $0.19 per share for the last quarter, exceeding analyst expectations of $0.12 per share and showing revenue of $204.30 million.
• Analysts have shown positive sentiment towards Universal Technical Institute, with target prices set between $36.00 and $40.00 and most maintaining a "buy" rating.

Inspire Investing LLC boosted its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 166.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,280 shares of the company's stock after acquiring an additional 25,795 shares during the period. Inspire Investing LLC owned 0.08% of Universal Technical Institute worth $1,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UTI. CWM LLC increased its position 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 in the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the 1st quarter valued at about $57,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Universal Technical Institute in the first quarter valued at about $61,000. Caitong International Asset Management Co. Ltd acquired a new stake in Universal Technical Institute in the first quarter worth about $68,000. Finally, USA Financial Formulas purchased a new stake in shares of Universal Technical Institute during the first quarter worth about $84,000. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Price Performance

Shares of Universal Technical Institute stock traded up $1.04 during mid-day trading on Thursday, reaching $28.70. 342,320 shares of the stock traded hands, compared to its average volume of 755,096. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $28.84 and a 200 day moving average of $29.80. The stock has a market capitalization of $1.56 billion, a PE ratio of 25.17, a PEG ratio of 1.73 and a beta of 1.65. Universal Technical Institute Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.07. The firm 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%. On average, analysts predict that Universal Technical Institute Inc will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Lake Street Capital reiterated a "buy" rating and issued a $38.00 target price (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Truist Financial lifted their price target on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Barrington Research reissued 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 reaffirmed a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Company Profile

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.