Montanaro Asset Management Ltd Purchases Shares of 44,300 Universal Technical Institute Inc $UTI

Montanaro Asset Management Ltd purchased a new position in Universal Technical Institute Inc (NYSE:UTIFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 44,300 shares of the company’s stock, valued at approximately $1,158,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UTI. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at $27,000. Clearstead Advisors LLC boosted its holdings in Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after buying an additional 943 shares during the period. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute in the 1st quarter worth $57,000. SBI Securities Co. Ltd. increased its stake in Universal Technical Institute by 4,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after buying an additional 5,310 shares in the last quarter. Finally, Creative Planning bought a new stake in Universal Technical Institute during the third quarter valued at about $254,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Universal Technical Institute

In other news, Director Linda J. Srere sold 15,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $36.59, for a total transaction of $548,850.00. Following the sale, the director directly owned 127,564 shares in the company, valued at approximately $4,667,566.76. This represents a 10.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the sale, the director owned 971,440 shares in the company, valued at $40,217,616. This represents a 75.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,018,500 shares of company stock worth $124,904,320 over the last 90 days. 9.80% of the stock is owned by insiders.

Universal Technical Institute Price Performance

NYSE:UTI opened at $40.29 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.22 billion, a P/E ratio of 52.33, a P/E/G ratio of 3.54 and a beta of 1.25. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $45.74. The business’s 50-day moving average is $38.44 and its 200 day moving average is $33.19.

Universal Technical Institute (NYSE:UTIGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The firm had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. On average, equities research analysts forecast that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UTI has been the subject of a number of recent analyst reports. Weiss Ratings lowered Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Northland Securities set a $41.00 price target on Universal Technical Institute in a report on Thursday, May 7th. Rosenblatt Securities upped their price target on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute currently has a consensus rating of “Moderate Buy” and an average target price of $44.25.

View Our Latest Stock Analysis on UTI

Universal Technical Institute Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Universal Technical Institute (NYSE:UTI)

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