Versor Investments LP decreased its stake in Universal Technical Institute Inc (NYSE:UTI – Free Report) by 60.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,547 shares of the company’s stock after selling 19,053 shares during the quarter. Versor Investments LP’s holdings in Universal Technical Institute were worth $328,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of UTI. Royal Bank of Canada boosted its stake in Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after buying an additional 14,364 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute in the 1st quarter valued at $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock valued at $2,163,000 after buying an additional 9,951 shares in the last quarter. Institutional investors and hedge funds own 75.67% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on UTI. Wall Street Zen raised Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Barrington Research boosted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Zacks Research raised Universal Technical Institute from a “strong sell” rating to a “hold” rating in a research note on Friday, February 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Universal Technical Institute in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.
Insider Activity at Universal Technical Institute
In other news, Director George W. Brochick sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $36.59, for a total transaction of $182,950.00. Following the completion of the sale, the director owned 27,516 shares in the company, valued at $1,006,810.44. The trade was a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda J. Srere sold 15,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $36.59, for a total value of $548,850.00. Following the sale, the director owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,211 shares of company stock valued at $5,744,337 over the last quarter. 9.80% of the stock is currently owned by corporate insiders.
Universal Technical Institute Price Performance
Universal Technical Institute stock opened at $39.62 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $2.18 billion, a P/E ratio of 51.46, a P/E/G ratio of 3.64 and a beta of 1.28. The business’s fifty day moving average is $36.72 and its two-hundred day moving average is $31.11. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $41.53.
Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter. The company had revenue of $221.40 million for the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Equities research analysts forecast that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.
Universal Technical Institute 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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