Charles Schwab Investment Management Inc. Has $9.80 Million Holdings in Universal Technical Institute Inc $UTI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Universal Technical Institute Inc. by 8.8%, owning approximately 0.70% of the company, which is valued at $9.8 million.
• Universal Technical Institute reported $0.19 earnings per share for the last quarter, surpassing analysts' expectations of $0.12, with revenues of $204.3 million.
• The company's stock currently has an average rating of "Buy" from analysts, with a target price ranging around $35.83.

Charles Schwab Investment Management Inc. boosted its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 381,650 shares of the company's stock after acquiring an additional 31,020 shares during the period. Charles Schwab Investment Management Inc. owned 0.70% of Universal Technical Institute worth $9,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of UTI. Dumac Inc. acquired a new position in shares of Universal Technical Institute in the fourth quarter valued at approximately $43,236,000. Vanguard Group Inc. raised its holdings in shares of Universal Technical Institute by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock worth $78,392,000 after purchasing an additional 306,984 shares during the period. Point72 Asset Management L.P. acquired a new position in Universal Technical Institute during the fourth quarter valued at approximately $7,638,000. Divisadero Street Capital Management LP purchased a new stake in Universal Technical Institute during the 4th quarter worth $6,685,000. Finally, Victory Capital Management Inc. grew its stake in shares of Universal Technical Institute by 43.4% in the first quarter. Victory Capital Management Inc. now owns 743,006 shares of the company's stock valued at $19,080,000 after buying an additional 224,750 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Down 0.6%

Shares of UTI traded down $0.18 during mid-day trading on Thursday, hitting $26.92. 665,464 shares of the company's stock were exchanged, compared to its average volume of 770,747. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The firm has a fifty day moving average of $30.53 and a two-hundred day moving average of $29.87. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.67 and a beta of 1.58. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $200.01 million. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%. On average, sell-side analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UTI. Rosenblatt Securities reiterated a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a report on Thursday, August 7th. Lake Street Capital reiterated a "buy" rating and set a $38.00 price target (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 target price on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Truist Financial increased their price target on Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target 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.