XTX Topco Ltd Buys 14,080 Shares of Universal Technical Institute Inc (NYSE:UTI)

Key Points

• XTX Topco Ltd increased its holdings in Universal Technical Institute Inc by 89.3%, acquiring an additional 14,080 shares and bringing its total ownership to 29,847 shares, valued at approximately $766,000.
• Institutional investors collectively own 75.67% of Universal Technical Institute, with notable increases from firms like Vanguard Group and Lord Abbett & CO. LLC during the fourth quarter.
• Universal Technical Institute reported earnings of $0.21 per share for the last quarter, exceeding expectations and signaling a net margin of 7.34% and a return on equity of 21.40%.

XTX Topco Ltd lifted its stake in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 89.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,847 shares of the company's stock after purchasing an additional 14,080 shares during the quarter. XTX Topco Ltd owned about 0.05% of Universal Technical Institute worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Universal Technical Institute by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 2,745,668 shares of the company's stock valued at $70,591,000 after purchasing an additional 44,103 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Universal Technical Institute by 194.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,847,423 shares of the company's stock worth $47,497,000 after buying an additional 1,219,052 shares in the last quarter. Dumac Inc. acquired a new stake in Universal Technical Institute during the fourth quarter valued at approximately $43,236,000. Renaissance Technologies LLC boosted its holdings in Universal Technical Institute by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,188,891 shares of the company's stock valued at $30,566,000 after purchasing an additional 6,743 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Universal Technical Institute by 10.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,131,759 shares of the company's stock worth $29,098,000 after acquiring an additional 109,255 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George W. Brochick sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $31.84, for a total transaction of $191,040.00. Following the completion of the transaction, the director directly owned 32,516 shares of the company's stock, valued at $1,035,309.44. This represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Todd A. Hitchcock sold 27,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.36, for a total transaction of $917,400.00. Following the transaction, the chief operating officer directly owned 80,521 shares of the company's stock, valued at $2,686,180.56. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.10% of the stock is currently owned by corporate insiders.

Universal Technical Institute Stock Performance

Universal Technical Institute stock traded down $0.60 during trading hours on Friday, hitting $26.53. The company had a trading volume of 1,017,459 shares, compared to its average volume of 756,720. The firm has a market cap of $1.44 billion, a PE ratio of 23.29, a PEG ratio of 2.11 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07. Universal Technical Institute Inc has a one year low of $15.14 and a one year high of $36.32. The firm has a 50-day moving average of $32.71 and a 200 day moving average of $29.97.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.69%. The business had revenue of $204.30 million for the quarter, compared to analyst estimates of $200.01 million. On average, sell-side analysts expect that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on UTI shares. Lake Street Capital reiterated a "buy" rating and set a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research report on Wednesday, May 21st. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday. Finally, Truist Financial upped their target price 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $35.83.

Universal Technical Institute Company 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.