263,296 Shares in Universal Technical Institute Inc $UTI Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 263,296 shares of Universal Technical Institute Inc, valued at approximately $6.76 million, representing a 0.48% ownership stake.
• Wall Street analysts maintain a positive outlook for Universal Technical Institute, with an average rating of "Buy" and a consensus price target of $35.83.
• Universal Technical Institute's recent financial performance includes a reported EPS of $0.19 for the quarter, surpassing analysts' expectations of $0.12.

Nuveen LLC bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 263,296 shares of the company's stock, valued at approximately $6,761,000. Nuveen LLC owned approximately 0.48% of Universal Technical Institute as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UTI. CWM LLC grew 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 in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at approximately $61,000. USA Financial Formulas acquired a new position in shares of Universal Technical Institute in the 1st quarter valued at approximately $84,000. Lazard Asset Management LLC acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at approximately $101,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Universal Technical Institute in the 4th quarter valued at approximately $118,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UTI shares. Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Thursday, August 7th. Truist Financial boosted their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Lake Street Capital restated a "buy" rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Trading Down 0.6%

Shares of Universal Technical Institute stock traded down $0.18 during midday trading on Thursday, reaching $26.92. The company had a trading volume of 665,464 shares, compared to its average volume of 770,747. The stock has a fifty day moving average price of $30.53 and a 200 day moving average price of $29.87. 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 firm has a market cap of $1.46 billion, a PE ratio of 23.61, a P/E/G ratio of 1.67 and a beta of 1.58. 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 data on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. On average, equities analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current year.

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.