Charles Schwab Investment Management Inc. Purchases 31,020 Shares of 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 stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,650 shares of the company's stock after purchasing an additional 31,020 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of Universal Technical Institute worth $9,801,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Universal Technical Institute by 2,671.7% in the first quarter. GAMMA Investing LLC now owns 8,731 shares of the company's stock worth $224,000 after acquiring an additional 8,416 shares in the last quarter. Calamos Advisors LLC acquired a new stake in shares of Universal Technical Institute in the first quarter worth $3,085,000. Teacher Retirement System of Texas increased its position in shares of 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 worth $939,000 after acquiring an additional 18,320 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Universal Technical Institute by 15.3% in the fourth quarter. Ameriprise Financial Inc. now owns 90,709 shares of the company's stock worth $2,332,000 after acquiring an additional 12,017 shares in the last quarter. Finally, Pullen Investment Management LLC increased its position in shares of Universal Technical Institute by 46.4% in the fourth quarter. Pullen Investment Management LLC now owns 95,410 shares of the company's stock worth $2,453,000 after acquiring an additional 30,250 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UTI shares. Truist Financial upped their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $36.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 7th. Barrington Research restated an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Lake Street Capital restated a "buy" rating and issued a $38.00 price target (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Finally, Wall Street Zen cut shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Universal Technical Institute presently has an average rating of "Buy" and a consensus price target of $35.83.

Universal Technical Institute Trading Down 1.0%

Shares of UTI traded down $0.27 during midday trading on Friday, hitting $26.62. The stock had a trading volume of 551,922 shares, compared to its average volume of 977,524. Universal Technical Institute Inc has a fifty-two week low of $15.14 and a fifty-two week high of $36.32. The business has a 50-day simple moving average of $30.27 and a two-hundred day simple moving average of $29.87. The firm has a market cap of $1.45 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The business had revenue of $204.30 million during the quarter, compared to analysts' expectations 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, equities analysts forecast that Universal Technical Institute Inc will post 1 EPS 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.