Pillsbury Lake Capital LLC acquired a new stake in shares of Universal Technical Institute Inc (NYSE:UTI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 321,556 shares of the company’s stock, valued at approximately $13,752,950,000. Universal Technical Institute accounts for about 3.8% of Pillsbury Lake Capital LLC’s investment portfolio, making the stock its 7th largest holding. Pillsbury Lake Capital LLC owned about 0.58% of Universal Technical Institute at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute during the 2nd quarter valued at about $27,000. PNC Financial Services Group Inc. grew its holdings in Universal Technical Institute by 543.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after buying an additional 750 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of 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 in the last quarter. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute during the first quarter valued at approximately $57,000. Finally, State of Wyoming purchased a new position in Universal Technical Institute during the second quarter worth $109,000. Institutional investors own 75.67% of the company’s stock.
Analysts Set New Price Targets
UTI has been the subject of a number of research reports. Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Weiss Ratings lowered Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. Barrington Research boosted their target price on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, B. Riley Financial dropped their price objective on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Universal Technical Institute presently has an average rating of “Moderate Buy” and an average target price of $43.83.
Universal Technical Institute Trading Down 1.7%
UTI opened at $22.12 on Thursday. 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 cap of $1.22 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 2.47 and a beta of 1.25. Universal Technical Institute Inc has a 52 week low of $21.29 and a 52 week high of $51.34. The business’s 50 day moving average is $37.15 and its two-hundred day moving average is $36.72.
Universal Technical Institute (NYSE:UTI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $218.91 million during the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. On average, research analysts predict that Universal Technical Institute Inc will post 0.61 EPS for the current year.
Insiders Place Their Bets
In other news, insider Kevin Prehn sold 4,545 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the sale, the insider directly owned 27,025 shares of the company’s stock, valued at $1,081,000. The trade was a 14.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.40, for a total value of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,102,545 shares of company stock worth $128,449,570 over the last 90 days. Corporate insiders own 9.80% of the company’s stock.
About Universal Technical Institute
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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