Trexquant Investment LP Has $7.33 Million Stock Position in Universal Technical Institute Inc $UTI

Key Points

• Trexquant Investment LP increased its holdings in Universal Technical Institute Inc by 41.3% during the first quarter, owning a total of 285,443 shares valued at approximately $7.33 million.
• Universal Technical Institute reported earnings of $0.19 per share for the last quarter, surpassing analysts' expectations of $0.12, with revenue totaling $204.30 million.
• Analysts have maintained a positive outlook on Universal Technical Institute, with several firms issuing buy ratings and price targets ranging from $36.00 to $40.00.

Trexquant Investment LP grew its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 41.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 285,443 shares of the company's stock after buying an additional 83,487 shares during the period. Trexquant Investment LP owned 0.52% of Universal Technical Institute worth $7,330,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Universal Technical Institute by 11.2% in the first quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock valued at $78,392,000 after buying an additional 306,984 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Universal Technical Institute by 58.3% in the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock valued at $75,101,000 after buying an additional 1,077,076 shares during the last quarter. Dumac Inc. acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at approximately $43,236,000. American Century Companies Inc. lifted its position in shares of Universal Technical Institute by 38.1% in the first quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock valued at $34,509,000 after buying an additional 370,660 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Universal Technical Institute by 10.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock valued at $29,098,000 after buying an additional 109,255 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UTI shares. Wall Street Zen cut Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial raised 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. Lake Street Capital reissued a "buy" rating and set a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Tuesday, July 29th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. 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 Price Performance

NYSE UTI traded up $0.49 during midday trading on Tuesday, hitting $27.08. The company had a trading volume of 696,434 shares, compared to its average volume of 954,253. The company has a market capitalization of $1.47 billion, a PE ratio of 23.75, a P/E/G ratio of 1.67 and a beta of 1.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $29.97 and a 200-day moving average price of $29.85. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32.

Universal Technical Institute (NYSE:UTI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The firm had revenue of $204.30 million during the quarter, compared to analysts' expectations of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. As a group, analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Universal Technical Institute Company 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.