Universal Technical Institute Inc $UTI Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Universal Technical Institute Inc by 778.8% in the first quarter, now owning about 0.35% of the company valued at approximately $4.85 million.
• Several institutional investors, including CWM LLC and Lazard Asset Management, have boosted their stakes, indicating strong interest in the company, which is 75.67% owned by hedge funds and institutional investors.
• Wall Street analysts have a consensus rating of "Buy" for the stock, with target prices ranging from $36.00 to $40.00, following a strong earnings report that exceeded expectations.

Russell Investments Group Ltd. raised its position in Universal Technical Institute Inc (NYSE:UTI - Free Report) by 778.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,891 shares of the company's stock after purchasing an additional 167,396 shares during the quarter. Russell Investments Group Ltd. owned about 0.35% of Universal Technical Institute worth $4,851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Universal Technical Institute by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 27,399 shares of the company's stock worth $704,000 after acquiring an additional 776 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Universal Technical Institute by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,472 shares of the company's stock worth $578,000 after buying an additional 777 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Universal Technical Institute by 6.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,901 shares of the company's stock worth $331,000 after buying an additional 783 shares during the period. CWM LLC increased its stake in Universal Technical Institute by 105.0% during the 1st quarter. CWM LLC now owns 2,167 shares of the company's stock worth $56,000 after buying an additional 1,110 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Universal Technical Institute by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 23,962 shares of the company's stock worth $616,000 after buying an additional 1,294 shares during the period. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Universal Technical Institute Stock Up 2.1%

Shares of NYSE UTI traded up $0.55 during trading on Wednesday, reaching $27.08. 565,096 shares of the stock were exchanged, compared to its average volume of 976,195. The business's 50-day moving average price is $30.53 and its 200 day moving average price is $29.87. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.58.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.07. The business had revenue of $204.30 million for 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 fiscal year.

Analyst Ratings Changes

UTI has been the topic of several recent research reports. Wall Street Zen downgraded shares of Universal Technical Institute from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Rosenblatt Securities reissued a "buy" rating and issued a $36.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 7th. Lake Street Capital reissued 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. Finally, Truist Financial increased their price objective on shares of Universal Technical Institute from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, Universal Technical Institute has an average rating of "Buy" and a consensus price target of $35.83.

About Universal Technical Institute

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.