Nuveen LLC Invests $6.76 Million in Universal Technical Institute Inc $UTI

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 Universal Technical Institute Inc (NYSE:UTI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 263,296 shares of the company's stock, valued at approximately $6,761,000. Nuveen LLC owned 0.48% of Universal Technical Institute at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its position in shares of Universal Technical Institute by 105.0% in the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after buying an additional 1,110 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Universal Technical Institute in the 1st quarter worth about $61,000. USA Financial Formulas bought a new position in Universal Technical Institute in the 1st quarter worth about $84,000. Lazard Asset Management LLC bought a new position in Universal Technical Institute in the 4th quarter worth about $101,000. Finally, Aquatic Capital Management LLC bought a new position in Universal Technical Institute in the 4th quarter worth about $118,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Universal Technical Institute Stock Performance

UTI traded down $0.27 during midday trading on Friday, hitting $26.62. 551,922 shares of the company traded hands, compared to its average volume of 977,524. 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 firm has a market capitalization of $1.45 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company's 50-day moving average is $30.27 and its 200 day moving average is $29.87. Universal Technical Institute Inc has a 52 week low of $15.14 and a 52 week high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its quarterly earnings data 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. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The firm had revenue of $204.30 million for the quarter, compared to analysts' expectations of $200.01 million. On average, research analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

UTI has been the topic of a number of analyst reports. Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Truist Financial upped their price target 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. Lake Street Capital reiterated a "buy" rating and issued a $38.00 price target (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, Universal Technical Institute presently has a consensus rating of "Buy" and a consensus target price 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.