Rhumbline Advisers Has $1.52 Million Stock Holdings in Universal Technical Institute Inc $UTI

Key Points

• Rhumbline Advisers reduced its stake in Universal Technical Institute Inc by 16.9%, owning 59,305 shares worth $1,523,000 following the sale of 12,102 shares in the first quarter.
• Vanguard Group Inc. and Lord Abbett & CO. LLC increased their holdings in the company by 11.2% and 58.3% respectively, reflecting strong institutional interest in Universal Technical Institute.
• Universal Technical Institute's stock has been performing well, with the company reporting $0.19 earnings per share, exceeding estimates, and analysts maintaining a generally favorable outlook with an average target price of $35.83.

Rhumbline Advisers lessened its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,305 shares of the company's stock after selling 12,102 shares during the period. Rhumbline Advisers owned approximately 0.11% of Universal Technical Institute worth $1,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UTI. GAMMA Investing LLC increased its stake in Universal Technical Institute by 2,671.7% in the 1st quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock valued at $224,000 after buying an additional 8,416 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Universal Technical Institute in the first quarter worth about $3,085,000. Teacher Retirement System of Texas boosted its holdings in Universal Technical Institute by 100.5% in the first quarter. Teacher Retirement System of Texas now owns 36,553 shares of the company's stock valued at $939,000 after purchasing an additional 18,320 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Universal Technical Institute during the 1st quarter worth approximately $256,000. Finally, Ameriprise Financial Inc. boosted its stake in Universal Technical Institute by 15.3% during the 4th quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock valued at $2,332,000 after purchasing an additional 12,017 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and set a $36.00 price objective on shares of Universal Technical Institute in a report on Tuesday, July 29th. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, August 7th. Finally, Wall Street Zen lowered Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $35.83.

Universal Technical Institute Trading Up 0.4%

UTI stock traded up $0.12 during trading on Monday, hitting $28.41. The company had a trading volume of 54,654 shares, compared to its average volume of 757,022. 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 50-day moving average price of $28.72 and a 200-day moving average price of $29.86. Universal Technical Institute Inc has a 12 month low of $15.14 and a 12 month high of $36.32. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.78 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly 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 during 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%. As a group, analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Universal Technical Institute 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.