Wasatch Advisors LP trimmed its position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 34.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,296,581 shares of the company's stock after selling 682,195 shares during the period. Wasatch Advisors LP owned approximately 2.35% of Universal Technical Institute worth $55,455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Coliseum Capital Management LLC lifted its position in shares of Universal Technical Institute by 46.2% during the fourth quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company's stock worth $103,774,000 after purchasing an additional 1,255,173 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Universal Technical Institute by 132.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company's stock worth $52,217,000 after buying an additional 1,140,465 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Universal Technical Institute by 65.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company's stock worth $41,797,000 after buying an additional 631,070 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Universal Technical Institute by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,296,989 shares of the company's stock worth $46,826,000 after buying an additional 9,153 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company's stock valued at $46,646,000 after buying an additional 1,203,985 shares during the period. 75.67% of the stock is currently owned by hedge funds and other institutional investors.
Universal Technical Institute Stock Performance
NYSE:UTI opened at $25.56 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 2.93 and a beta of 1.25. The firm's fifty day moving average price is $40.84 and its 200 day moving average price is $37.02. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $51.34.
Universal Technical Institute (NYSE:UTI - Get Free Report) last issued its earnings results 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 business had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. On average, sell-side analysts expect that Universal Technical Institute Inc will post 0.61 EPS for the current year.
Insider Activity
In related news, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the sale, the chief executive officer owned 335,715 shares of the company's stock, valued at approximately $13,898,601. This represents a 21.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christine Kline sold 3,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares of the company's stock, valued at approximately $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,102,545 shares of company stock valued at $128,449,570. 9.80% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on UTI shares. B. Riley Financial cut their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Universal Technical Institute from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities restated a "buy" rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of "Moderate Buy" and an average target price of $43.83.
Check Out Our Latest Research Report on Universal Technical Institute
About Universal Technical Institute
(
Free Report)
Universal Technical Institute, Inc NYSE: UTI is a leading provider of post-secondary education for students pursuing careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, as well as in welding and CNC machining. The company designs and delivers hands-on training through a blend of classroom instruction and experiential lab work, preparing graduates for entry-level positions in the transportation, manufacturing and energy sectors. UTI's curriculum emphasizes industry-recognized credentials and proprietary coursework developed in collaboration with original equipment manufacturers (OEMs) to ensure alignment with evolving employer needs.
Through a network of campus locations across the United States and select centers in Canada, Universal Technical Institute offers diploma and certificate programs ranging from 36 to 74 weeks in length.
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