New York State Teachers Retirement System Raises Position in Universal Technical Institute Inc $UTI

New York State Teachers Retirement System lifted its stake in Universal Technical Institute Inc (NYSE:UTI) by 17.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,254 shares of the company’s stock after acquiring an additional 618 shares during the quarter. New York State Teachers Retirement System’s holdings in Universal Technical Institute were worth $144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in shares of Universal Technical Institute by 4.9% in the second quarter. Verdence Capital Advisors LLC now owns 10,892 shares of the company’s stock worth $369,000 after buying an additional 513 shares during the period. KLP Kapitalforvaltning AS boosted its position in shares of Universal Technical Institute by 18.8% in the second quarter. KLP Kapitalforvaltning AS now owns 9,500 shares of the company’s stock worth $322,000 after buying an additional 1,500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Universal Technical Institute in the second quarter worth about $1,935,000. Congress Asset Management Co. purchased a new stake in shares of Universal Technical Institute in the second quarter worth about $63,265,000. Finally, Dakota Wealth Management boosted its position in shares of Universal Technical Institute by 10.1% in the second quarter. Dakota Wealth Management now owns 43,466 shares of the company’s stock worth $1,473,000 after buying an additional 3,972 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Trading Up 3.6%

Shares of UTI opened at $33.99 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.28 and a beta of 1.58. Universal Technical Institute Inc has a one year low of $16.08 and a one year high of $36.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day moving average price of $29.10 and a 200 day moving average price of $30.61.

Universal Technical Institute (NYSE:UTI) last released 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. Universal Technical Institute had a return on equity of 22.12% and a net margin of 7.79%.The company had revenue of $204.30 million for the quarter, compared to the consensus estimate of $200.01 million. Sell-side analysts forecast that Universal Technical Institute Inc will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Universal Technical Institute from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Universal Technical Institute from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Universal Technical Institute in a report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Monday, September 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $36.00 price target on shares of Universal Technical Institute in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate 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.