Universal Technical Institute Inc (NYSE:UTI) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 100.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,553 shares of the company's stock after purchasing an additional 18,320 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Universal Technical Institute worth $939,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Universal Technical Institute by 24.4% in the fourth quarter. Covestor Ltd now owns 1,977 shares of the company's stock valued at $51,000 after acquiring an additional 388 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Universal Technical Institute in the first quarter valued at $84,000. Lazard Asset Management LLC purchased a new stake in shares of Universal Technical Institute in the fourth quarter valued at $101,000. Aquatic Capital Management LLC purchased a new stake in shares of Universal Technical Institute in the fourth quarter valued at $118,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Universal Technical Institute by 418.6% in the fourth quarter. Meeder Asset Management Inc. now owns 7,851 shares of the company's stock valued at $202,000 after acquiring an additional 6,337 shares in the last quarter. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

Universal Technical Institute Trading Up 0.6%

Universal Technical Institute stock traded up $0.21 during trading on Friday, hitting $32.74. The company's stock had a trading volume of 314,270 shares, compared to its average volume of 753,747. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 31.48, a P/E/G ratio of 2.01 and a beta of 1.58. The stock's fifty day moving average is $33.62 and its 200 day moving average is $29.37. Universal Technical Institute Inc has a 1-year low of $15.14 and a 1-year high of $36.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $207.45 million during the quarter, compared to analyst estimates of $196.63 million. Universal Technical Institute had a return on equity of 21.40% and a net margin of 7.34%. As a group, equities research analysts predict that Universal Technical Institute Inc will post 1 EPS for the current year.

Insider Activity

In other Universal Technical Institute news, Director George W. Brochick sold 6,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the sale, the director directly owned 32,516 shares in the company, valued at $1,035,309.44. This represents a 15.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Todd A. Hitchcock sold 27,500 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.36, for a total value of $917,400.00. Following the sale, the chief operating officer owned 80,521 shares of the company's stock, valued at $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.10% of the company's stock.

Wall Street Analyst Weigh In

UTI has been the topic of several recent research reports. Lake Street Capital restated a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, June 12th. Truist Financial upped their price objective on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. B. Riley initiated coverage on Universal Technical Institute in a research note on Friday, March 28th. They issued a "buy" rating and a $31.00 target price for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, May 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $35.83.

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.