Punch & Associates Investment Management Inc. Makes New $46.88 Million Investment in Universal Technical Institute Inc $UTI

Key Points

• Punch & Associates bought 1.096 million shares of Universal Technical Institute, valued at approximately $46.9 million, making UTI its third-largest holding and representing about 2.3% of its portfolio. Institutional investors collectively own 75.67% of the company.
• UTI reported quarterly EPS of $0.04, beating estimates of $0.02, while revenue of $218.91 million fell slightly short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.83.
• Company insiders sold more than 3.1 million shares worth approximately $128.4 million during the latest quarter, including Coliseum Capital Management’s sale of 3 million shares.

Punch & Associates Investment Management Inc. bought a new stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,096,078 shares of the company's stock, valued at approximately $46,879,000. Universal Technical Institute comprises approximately 2.3% of Punch & Associates Investment Management Inc.'s investment portfolio, making the stock its 3rd largest holding. Punch & Associates Investment Management Inc. owned about 1.99% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UTI. Park West Asset Management LLC purchased a new stake in shares of Universal Technical Institute in the 2nd quarter worth about $3,360,000. Pillsbury Lake Capital LLC purchased a new position in Universal Technical Institute during the 2nd quarter valued at about $13,752,950,000. Bank of America Corp DE purchased a new position in Universal Technical Institute during the 2nd quarter valued at about $13,642,000. Jupiter Topco LLC acquired a new position in Universal Technical Institute during the second quarter worth about $1,087,000. Finally, AWM Investment Company Inc. acquired a new position in Universal Technical Institute during the second quarter worth about $20,919,000. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Performance

Shares of UTI opened at $22.12 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.47 and a beta of 1.25. The company's 50 day simple moving average is $37.15 and its 200 day simple moving average is $36.72. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $51.34.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a report on Thursday, April 30th. Truist Financial cut their price objective on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a research report on Thursday, May 7th. Weiss Ratings raised Universal Technical Institute from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $45.00 target price on shares of Universal Technical Institute in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Universal Technical Institute currently has an average rating of "Moderate Buy" and a consensus price target of $43.83.

Insiders Place Their Bets

In other news, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the sale, the insider owned 27,025 shares of the company's stock, valued at $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the transaction, the director owned 971,440 shares of the company's stock, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,102,545 shares of company stock worth $128,449,570. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Company 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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