Universal Technical Institute Inc $UTI Stock Acquired by Isthmus Partners LLC

Key Points

• Isthmus Partners increased its Universal Technical Institute stake by 78.4% in the third quarter, bringing its holdings to 173,927 shares valued at approximately $3.25 million. Institutional investors collectively own 75.67% of UTI.
• UTI shares opened at $21.65, with a market capitalization of $1.19 billion, after trading between $18.02 and $51.34 over the past year. The company’s latest quarterly results beat EPS estimates, reporting $0.04 versus the $0.02 consensus, though revenue came in slightly below expectations.
• Analysts maintain a generally positive outlook, with four Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $42.83.

Isthmus Partners LLC boosted its stake in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,927 shares of the company's stock after purchasing an additional 76,444 shares during the quarter. Isthmus Partners LLC owned approximately 0.32% of Universal Technical Institute worth $3,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in UTI. SBI Securities Co. Ltd. lifted its holdings in shares of Universal Technical Institute by 332.7% in the third quarter. SBI Securities Co. Ltd. now owns 1,497 shares of the company's stock worth $28,000 after buying an additional 1,151 shares in the last quarter. Kopp Family Office LLC grew its stake in Universal Technical Institute by 39.8% during the third quarter. Kopp Family Office LLC now owns 23,763 shares of the company's stock valued at $444,000 after acquiring an additional 6,771 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Universal Technical Institute during the second quarter valued at approximately $526,000. Baird Financial Group Inc. bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $13,471,000. Finally, Nykredit A S bought a new stake in Universal Technical Institute during the 2nd quarter worth approximately $25,000. Institutional investors own 75.67% of the company's stock.

Universal Technical Institute Stock Up 4.1%

Shares of NYSE:UTI opened at $21.65 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Universal Technical Institute Inc has a 52-week low of $18.02 and a 52-week high of $51.34. The firm has a fifty day moving average of $21.11 and a 200 day moving average of $32.75.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to analysts' expectations of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. As a group, research analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $45.00 price target on shares of Universal Technical Institute in a report on Thursday, August 6th. B. Riley Financial lowered their price objective on Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Texas Capital lowered Universal Technical Institute from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 21st. Northland Securities set a $35.00 target price on Universal Technical Institute in a research report on Thursday, September 10th. Finally, Truist Financial reduced their target price on Universal Technical Institute from $47.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Universal Technical Institute currently has an average rating of "Moderate Buy" and a consensus target price of $42.83.

Universal Technical Institute Profile

Universal Technical Institute, Inc NYSE: UTI is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.

Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.

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