Great Lakes Advisors LLC lessened its stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,445 shares of the company's stock after selling 21,991 shares during the quarter. Great Lakes Advisors LLC owned 0.29% of Universal Technical Institute worth $3,992,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Universal Technical Institute in the first quarter valued at approximately $592,000. Uniplan Investment Counsel Inc. boosted its holdings in Universal Technical Institute by 24.0% during the first quarter. Uniplan Investment Counsel Inc. now owns 230,543 shares of the company's stock worth $5,920,000 after purchasing an additional 44,679 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Universal Technical Institute during the first quarter worth $57,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Universal Technical Institute by 23.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company's stock worth $711,000 after purchasing an additional 5,216 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Universal Technical Institute during the first quarter worth $1,226,000. Institutional investors and hedge funds own 75.67% of the company's stock.
Universal Technical Institute Price Performance
UTI stock traded down $1.12 during mid-day trading on Friday, hitting $27.23. The stock had a trading volume of 976,699 shares, compared to its average volume of 614,158. 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 Inc has a 52 week low of $15.14 and a 52 week high of $36.32. The firm has a market capitalization of $1.48 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.78 and a beta of 1.65. The firm has a fifty day simple moving average of $29.09 and a 200 day simple moving average of $29.82.
Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. As a group, research analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current year.
Analyst Ratings Changes
UTI has been the subject of several recent research reports. Rosenblatt Securities restated a "buy" rating and set a $36.00 target price on shares of Universal Technical Institute in a report on Thursday, August 7th. Barrington Research reaffirmed an "outperform" rating and set a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Truist Financial upped their price target on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, Lake Street Capital reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $35.83.
Check Out Our Latest Stock Analysis on Universal Technical Institute
About Universal Technical Institute
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Free Report)
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.
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