Pembroke Management LTD Sells 182,290 Shares of Universal Technical Institute Inc $UTI

Key Points

• Pembroke Management LTD reduced its stake in Universal Technical Institute by 36.2%, holding approximately 320,717 shares worth $8.24 million after selling 182,290 shares in Q1.
• Universal Technical Institute's stock has received multiple ratings from analysts, with a consensus rating of "Buy" and an average target price of $35.83.
• The company's latest earnings report showed an EPS of $0.19, exceeding expectations, with revenue reaching $204.3 million.

Pembroke Management LTD cut its holdings in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 36.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,717 shares of the company's stock after selling 182,290 shares during the quarter. Pembroke Management LTD owned about 0.59% of Universal Technical Institute worth $8,236,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UTI. Vanguard Group Inc. raised its stake in shares of Universal Technical Institute by 11.2% in the first quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock valued at $78,392,000 after purchasing an additional 306,984 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Universal Technical Institute by 58.3% during the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock worth $75,101,000 after purchasing an additional 1,077,076 shares during the last quarter. Dumac Inc. bought a new stake in shares of Universal Technical Institute during the fourth quarter worth $43,236,000. American Century Companies Inc. boosted its holdings in Universal Technical Institute by 38.1% in the first quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock valued at $34,509,000 after acquiring an additional 370,660 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in Universal Technical Institute by 10.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock valued at $29,098,000 after acquiring an additional 109,255 shares during the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on UTI shares. Lake Street Capital reissued a "buy" rating and issued 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 reissued an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 7th. Finally, Truist Financial lifted their target price on 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 issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Price Performance

UTI stock traded up $0.46 during midday trading on Wednesday, reaching $27.56. 116,696 shares of the stock were exchanged, compared to its average volume of 764,961. Universal Technical Institute Inc has a 52 week low of $15.14 and a 52 week high of $36.32. The company has a fifty day moving average price of $29.97 and a 200 day moving average price of $29.85. 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 stock has a market capitalization of $1.50 billion, a PE ratio of 24.23, a P/E/G ratio of 1.67 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The business had revenue of $204.30 million during the quarter, compared to analysts' expectations of $200.01 million. As a group, analysts expect that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

About Universal Technical Institute

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.