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 raised its holdings in shares of Universal Technical Institute Inc (NYSE:UTI - Free Report) by 89.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,847 shares of the company's stock after purchasing an additional 14,080 shares during the period. XTX Topco Ltd owned 0.05% of Universal Technical Institute worth $766,000 as of its most recent SEC filing.

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

Universal Technical Institute Stock Performance

UTI opened at $31.29 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 30.09, a PEG ratio of 2.02 and a beta of 1.58. Universal Technical Institute Inc has a 52-week low of $15.14 and a 52-week high of $36.32. The firm's fifty day simple moving average is $32.99 and its two-hundred day simple moving average is $29.93.

Universal Technical Institute (NYSE:UTI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. Universal Technical Institute had a net margin of 7.34% and a return on equity of 21.40%. The firm had revenue of $207.45 million for the quarter, compared to analyst estimates of $196.63 million. Equities analysts anticipate that Universal Technical Institute Inc will post 1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on Universal Technical Institute from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. 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. Rosenblatt Securities restated a "buy" rating and set a $36.00 price target on shares of Universal Technical Institute in a research note on Thursday, May 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Universal Technical Institute in a research report on Tuesday, July 29th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Universal Technical Institute presently has an average rating of "Buy" and an average target price of $35.83.

Insider Transactions at Universal Technical Institute

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

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.

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