Universal Technical Institute Inc $UTI Shares Sold by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. sold 508,211 shares of Universal Technical Institute Inc., reducing its holdings by 31.9%, leaving it with 1,085,072 shares.
• Universal Technical Institute's recent quarterly earnings beat estimates with $0.19 EPS compared to the expected $0.12, and the company reported revenue of $204.30 million.
• The stock currently shows a mixed analyst outlook, with a majority rating it as a Buy and having a target price ranging from $36.00 to $40.00, reflecting varying confidence among analysts.

Punch & Associates Investment Management Inc. trimmed its holdings in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 31.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,085,072 shares of the company's stock after selling 508,211 shares during the period. Universal Technical Institute accounts for approximately 1.8% of Punch & Associates Investment Management Inc.'s portfolio, making the stock its 8th largest position. Punch & Associates Investment Management Inc. owned about 1.99% of Universal Technical Institute worth $27,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UTI. Principal Financial Group Inc. increased its position in Universal Technical Institute by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock valued at $704,000 after acquiring an additional 776 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Universal Technical Institute by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock valued at $578,000 after purchasing an additional 777 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Universal Technical Institute by 6.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock valued at $331,000 after purchasing an additional 783 shares during the period. CWM LLC raised its stake 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 worth $56,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Precision Wealth Strategies LLC lifted 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 worth $664,000 after purchasing an additional 1,296 shares during the period. Hedge funds and other institutional investors own 75.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UTI. Lake Street Capital reiterated a "buy" rating and issued a $38.00 price objective (up from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. 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. Truist Financial boosted 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 note on Thursday, May 22nd. 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. Finally, Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Price Performance

Shares of NYSE UTI traded up $0.37 during midday trading on Tuesday, hitting $27.88. The company had a trading volume of 382,633 shares, compared to its average volume of 721,448. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 1.73 and a beta of 1.65. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The business has a 50-day simple moving average of $29.36 and a two-hundred day simple moving average of $29.82. 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 issued its earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $200.01 million. Equities research analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share 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.