Pillsbury Lake Capital LLC purchased 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 13F filing with the Securities and Exchange Commission. The firm purchased 321,556 shares of the company’s stock, valued at approximately $13,752,950. Universal Technical Institute comprises about 0.0% of Pillsbury Lake Capital LLC’s holdings, making the stock its 7th largest holding. Pillsbury Lake Capital LLC owned approximately 0.58% of Universal Technical Institute as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in UTI. BlackRock Inc. bought a new stake in Universal Technical Institute during the second quarter valued at $323,080,000. Coliseum Capital Management LLC boosted its holdings in shares of Universal Technical Institute by 46.2% during the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after buying an additional 1,255,173 shares during the period. Wasatch Advisors LP increased its holdings in Universal Technical Institute by 22.5% in the 3rd quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Universal Technical Institute by 132.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after buying an additional 1,140,465 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Universal Technical Institute by 65.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock valued at $41,797,000 after acquiring an additional 631,070 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on UTI. Barrington Research increased their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Truist Financial cut their price objective on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report 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 Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, B. Riley Financial lowered 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 report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Universal Technical Institute has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.
Insider Transactions at Universal Technical Institute
In related news, insider Kevin Prehn sold 4,545 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total value of $181,800.00. Following the sale, the insider directly owned 27,025 shares in the company, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the sale, the director directly owned 971,440 shares of the company’s stock, valued at approximately $40,217,616. This trade represents a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,102,545 shares of company stock valued at $128,449,570 in the last 90 days. Corporate insiders own 9.80% of the company’s stock.
Universal Technical Institute Trading Down 1.4%
NYSE:UTI traded down $0.31 on Friday, reaching $21.31. 1,723,536 shares of the company’s stock were exchanged, compared to its average volume of 1,042,606. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25. Universal Technical Institute Inc has a 52-week low of $20.85 and a 52-week high of $51.34. The business has a fifty day moving average of $36.78 and a 200-day moving average of $36.69.
Universal Technical Institute (NYSE:UTI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. As a group, analysts expect that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.
Universal Technical Institute Company Profile
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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