Pembroke Management LTD lowered its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 36.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,717 shares of the company's stock after selling 182,290 shares during the quarter. Pembroke Management LTD owned approximately 0.59% of Universal Technical Institute worth $8,236,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in UTI. Envestnet Asset Management Inc. acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth about $203,000. Raymond James Financial Inc. acquired a new stake in shares of Universal Technical Institute during the 4th quarter worth about $993,000. MetLife Investment Management LLC increased its position in shares of Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after purchasing an additional 1,294 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Universal Technical Institute by 21.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,994 shares of the company's stock worth $900,000 after purchasing an additional 6,163 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Universal Technical Institute in the 4th quarter valued at about $118,000. Institutional investors and hedge funds own 75.67% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on UTI. Rosenblatt Securities restated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Lake Street Capital restated a "buy" rating and issued a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. 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. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $35.83.
Get Our Latest Stock Analysis on UTI
Universal Technical Institute Stock Down 0.6%
Shares of NYSE UTI opened at $26.92 on Friday. The firm has a market capitalization of $1.46 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. Universal Technical Institute Inc has a 1 year low of $15.14 and a 1 year high of $36.32. The firm's 50-day moving average is $30.40 and its 200-day moving average is $29.86.
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, beating the consensus estimate 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 net margin of 7.79% and a return on equity of 22.12%. Equities analysts expect that Universal Technical Institute Inc will post 1 EPS for the current year.
Universal Technical Institute Profile
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Free Report)
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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