Inspire Investing LLC Increases Stock Holdings in Universal Technical Institute Inc $UTI

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 increased its holdings in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 166.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,280 shares of the company's stock after buying an additional 25,795 shares during the period. Inspire Investing LLC owned about 0.08% of Universal Technical Institute worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UTI. CWM LLC lifted its position in shares of Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after buying an additional 1,110 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute during the 1st quarter worth $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Universal Technical Institute during the 1st quarter worth $61,000. Caitong International Asset Management Co. Ltd acquired a new stake in Universal Technical Institute during the 1st quarter worth $68,000. Finally, USA Financial Formulas acquired a new stake in Universal Technical Institute during the 1st quarter worth $84,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Trading Down 4.0%

UTI opened at $27.23 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 23.88, a P/E/G ratio of 1.78 and a beta of 1.65. Universal Technical Institute Inc has a one year low of $15.14 and a one year high of $36.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $29.09 and its 200 day moving average price is $29.82.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to analysts' expectations 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, equities research analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Lake Street Capital reaffirmed a "buy" rating and set a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note 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 research note on Thursday, August 7th. Wall Street Zen raised shares of Universal Technical Institute from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Truist Financial lifted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute 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.

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