The Manufacturers Life Insurance Company Invests $1.14 Million in Universal Technical Institute Inc $UTI

The Manufacturers Life Insurance Company bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTIFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,742 shares of the company’s stock, valued at approximately $1,144,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in Universal Technical Institute in the second quarter valued at $27,000. PNC Financial Services Group Inc. raised its holdings in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after purchasing an additional 750 shares in the last quarter. Clearstead Advisors LLC lifted its position 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 purchasing an additional 943 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Universal Technical Institute during the 1st quarter valued at about $57,000. Finally, State of Wyoming bought a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $109,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $22.19 on Friday. The business has a fifty day moving average price of $34.52 and a 200-day moving average price of $36.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $1.22 billion, a PE ratio of 35.79, a PEG ratio of 2.37 and a beta of 1.17. Universal Technical Institute Inc has a 1-year low of $20.33 and a 1-year high of $51.34.

Universal Technical Institute (NYSE:UTIGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business 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, equities analysts expect that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Insider Activity at Universal Technical Institute

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin Prehn sold 4,545 shares of the stock in a transaction on Monday, June 22nd. The shares were 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 $1,081,000. This trade represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,099,045 shares of company stock valued at $128,294,100 over the last 90 days. Corporate insiders own 9.80% of the company’s stock.

Analyst Ratings Changes

UTI has been the topic of several research reports. 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. Weiss Ratings upgraded Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. B. Riley Financial dropped their price target on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Check Out Our Latest Report on UTI

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

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

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