Moran Wealth Management LLC Acquires 13,233 Shares of Universal Technical Institute Inc $UTI

Moran Wealth Management LLC raised its holdings in shares of Universal Technical Institute Inc (NYSE:UTIFree Report) by 49.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,754 shares of the company’s stock after buying an additional 13,233 shares during the period. Moran Wealth Management LLC owned about 0.07% of Universal Technical Institute worth $1,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in Universal Technical Institute during the 2nd quarter valued at about $27,000. Clearstead Advisors LLC increased its stake 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 purchasing an additional 943 shares during the period. NewEdge Advisors LLC purchased a new position in Universal Technical Institute in the 1st quarter worth approximately $57,000. SBI Securities Co. Ltd. lifted its position in Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after purchasing an additional 5,310 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new stake in Universal Technical Institute in the first quarter valued at approximately $203,000. 75.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UTI has been the topic of several recent analyst reports. Rosenblatt Securities raised their target price on shares of Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Northland Securities set a $41.00 price target on shares of Universal Technical Institute in a report on Thursday, May 7th. B. Riley Financial reissued a “buy” rating on shares of Universal Technical Institute in a research report on Thursday, April 30th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Universal Technical Institute presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Read Our Latest Report on Universal Technical Institute

Insider Activity

In related news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’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 transaction, the director owned 971,440 shares in the company, valued at $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the transaction, the insider directly owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,117,545 shares of company stock worth $128,998,420. 9.80% of the stock is owned by company insiders.

Universal Technical Institute Trading Down 0.8%

UTI stock traded down $0.41 on Tuesday, reaching $49.52. The company’s stock had a trading volume of 77,374 shares, compared to its average volume of 896,714. The business has a fifty day simple moving average of $39.96 and a two-hundred day simple moving average of $34.68. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $50.89. The firm has a market cap of $2.73 billion, a PE ratio of 64.26, a PEG ratio of 4.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17.

Universal Technical Institute (NYSE:UTIGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The business had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. As a group, research analysts forecast that Universal Technical Institute Inc will post 0.76 EPS for the current year.

About Universal Technical Institute

(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

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

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