Coliseum Capital Management LLC Lowers Holdings in Universal Technical Institute Inc $UTI

Key Points

• Coliseum Capital Management LLC reduced its stake in Universal Technical Institute Inc by 24.9% during the first quarter, now holding approximately 5.14 million shares of the company.
• Universal Technical Institute reported an earnings per share (EPS) of $0.19 for the last quarter, exceeding analysts' expectations of $0.12, with a revenue of $204.3 million.
• Multiple research firms have set new price targets for Universal Technical Institute, with Barrington Research maintaining a price objective of $36.00 and Truist Financial raising its target to $40.00.

Coliseum Capital Management LLC cut its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,145,755 shares of the company's stock after selling 1,704,881 shares during the quarter. Universal Technical Institute accounts for 11.0% of Coliseum Capital Management LLC's portfolio, making the stock its 3rd largest holding. Coliseum Capital Management LLC owned 9.46% of Universal Technical Institute worth $132,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of Universal Technical Institute by 2.9% during the first quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock valued at $704,000 after buying an additional 776 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Universal Technical Institute by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock valued at $578,000 after buying an additional 777 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Universal Technical Institute by 6.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock valued at $331,000 after buying an additional 783 shares in the last quarter. CWM LLC grew its holdings in shares of Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company's stock valued at $56,000 after buying an additional 1,110 shares in the last quarter. Finally, Precision Wealth Strategies LLC grew its holdings in shares of Universal Technical Institute by 5.3% during the first quarter. Precision Wealth Strategies LLC now owns 25,874 shares of the company's stock valued at $664,000 after buying an additional 1,296 shares in the last quarter. 75.67% of the stock is owned by institutional investors.

Universal Technical Institute Stock Performance

Shares of NYSE UTI traded up $0.61 during trading hours on Monday, hitting $27.54. 473,869 shares of the company's stock were exchanged, compared to its average volume of 763,715. 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 0.23, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.69 and a beta of 1.65. The company's 50-day moving average price is $29.58 and its 200-day moving average price is $29.83.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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. On average, sell-side analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Wall Street Zen cut Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Lake Street Capital reissued a "buy" rating and set a $38.00 price objective (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, Truist Financial lifted 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. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, Universal Technical Institute presently has an average rating of "Buy" and an average 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.