Westwind Capital Purchases New Shares in Universal Technical Institute Inc $UTI

Key Points

• Westwind Capital has made a $10.42 million investment in Universal Technical Institute Inc, acquiring approximately 307,591 shares, which now represents 2.1% of its portfolio.
• Multiple institutional investors, including Vanguard Group and Lord Abbett & CO. LLC, have significantly increased their holdings in Universal Technical Institute during the first quarter of the year.
• The company recently reported $0.19 earnings per share for the last quarter, surpassing analyst estimates and showing a net margin of 7.79% and return on equity of 22.12%.

Westwind Capital bought a new position in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 307,591 shares of the company's stock, valued at approximately $10,424,000. Universal Technical Institute makes up about 2.1% of Westwind Capital's holdings, making the stock its 19th biggest position. Westwind Capital owned about 0.57% of Universal Technical Institute as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Universal Technical Institute by 11.2% during the first quarter. Vanguard Group Inc. now owns 3,052,652 shares of the company's stock worth $78,392,000 after buying an additional 306,984 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Universal Technical Institute by 58.3% during the first quarter. Lord Abbett & CO. LLC now owns 2,924,499 shares of the company's stock worth $75,101,000 after buying an additional 1,077,076 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Universal Technical Institute by 38.1% during the first quarter. American Century Companies Inc. now owns 1,343,822 shares of the company's stock worth $34,509,000 after buying an additional 370,660 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of Universal Technical Institute by 5.8% during the first quarter. Next Century Growth Investors LLC now owns 1,049,742 shares of the company's stock worth $26,957,000 after buying an additional 57,990 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Universal Technical Institute during the first quarter worth $20,631,000. Institutional investors and hedge funds own 75.67% of the company's stock.

Universal Technical Institute Trading Down 0.6%

UTI stock traded down $0.19 during trading on Tuesday, hitting $28.92. The company had a trading volume of 209,372 shares, compared to its average volume of 756,571. The business has a 50-day moving average of $28.67 and a 200-day moving average of $29.88. Universal Technical Institute Inc has a one year low of $15.14 and a one year high of $36.32. The stock has a market cap of $1.57 billion, a PE ratio of 25.39, a PEG ratio of 1.78 and a beta of 1.65. 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 (NYSE:UTI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The business had revenue of $204.30 million for the quarter, compared to analysts' expectations of $200.01 million. Research analysts predict that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on UTI. Wall Street Zen downgraded Universal Technical Institute from a "buy" rating to a "hold" rating in a report on Sunday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 7th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $35.83.

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.