Lisanti Capital Growth LLC Invests $2 Million in Universal Technical Institute Inc $UTI

Key Points

• Lisanti Capital Growth acquired 46,715 shares of Universal Technical Institute valued at approximately $2 million, while institutional investors collectively own 75.67% of the company.
• UTI reported quarterly EPS of $0.04, beating estimates of $0.02, although revenue of $218.91 million fell slightly short of expectations.
• Insiders sold more than 3.1 million shares worth approximately $128.4 million in the past quarter. Analysts remain moderately bullish, with four Buy ratings, two Holds, and a consensus price target of $43.83 versus the reported share price of $24.31.

Lisanti Capital Growth LLC acquired a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,715 shares of the company's stock, valued at approximately $1,998,000. Lisanti Capital Growth LLC owned 0.08% of Universal Technical Institute at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company's stock worth $1,144,000 after buying an additional 14,364 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Universal Technical Institute during the first quarter valued at about $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company's stock valued at $711,000 after acquiring an additional 5,216 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Universal Technical Institute in the 1st quarter valued at approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company's stock worth $2,163,000 after acquiring an additional 9,951 shares during the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Stock Down 2.9%

UTI stock opened at $24.31 on Thursday. The company's 50 day moving average price is $38.78 and its 200 day moving average price is $36.90. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $51.34. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.75 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The company had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. On average, equities research analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Insider Activity

In other Universal Technical Institute news, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total value of $124,200,000.00. Following the sale, the director directly owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $41.40, for a total value of $3,912,300.00. Following the sale, the chief executive officer directly owned 335,715 shares of the company's stock, valued at $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,102,545 shares of company stock valued at $128,449,570 over the last quarter. Company insiders own 9.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UTI. Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. B. Riley Financial decreased their price target on Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Truist Financial dropped their price objective on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $45.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded Universal Technical Institute from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Universal Technical Institute presently has an average rating of "Moderate Buy" and a consensus target price of $43.83.

Universal Technical Institute Profile

Universal Technical Institute, Inc NYSE: UTI is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI's curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.

Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.

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