Conestoga Capital Advisors LLC decreased its stake in Universal Technical Institute Inc (NYSE:UTI – Free Report) by 26.7% during the third quarter, Holdings Channel reports. The institutional investor owned 866,120 shares of the company’s stock after selling 315,340 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Universal Technical Institute were worth $16,170,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of UTI. Nykredit A S purchased a new position in Universal Technical Institute during the second quarter valued at approximately $25,000. SBI Securities Co. Ltd. boosted its position in Universal Technical Institute by 332.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,497 shares of the company’s stock worth $28,000 after purchasing an additional 1,151 shares in the last quarter. Sterling Capital Management LLC boosted its position in Universal Technical Institute by 845.2% in the 3rd quarter. Sterling Capital Management LLC now owns 1,588 shares of the company’s stock worth $30,000 after purchasing an additional 1,420 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Universal Technical Institute by 543.5% during 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 during the period. Finally, Covestor Ltd grew its stake in shares of Universal Technical Institute by 536.9% during the 3rd quarter. Covestor Ltd now owns 2,624 shares of the company’s stock worth $49,000 after purchasing an additional 2,212 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.
Universal Technical Institute Stock Up 2.9%
Shares of UTI opened at $22.32 on Thursday. The company’s 50-day moving average price is $20.87 and its 200 day moving average price is $32.15. Universal Technical Institute Inc has a 12-month low of $18.02 and a 12-month high of $51.34. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.23 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18.
Universal Technical Institute (NYSE:UTI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. On average, sell-side analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Texas Capital cut shares of Universal Technical Institute from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Truist Financial dropped their price target on shares of 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. B. Riley Financial cut their price objective on shares of Universal Technical Institute from $48.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Weiss Ratings downgraded shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Northland Securities set a $35.00 price objective on shares of Universal Technical Institute in a research report on Thursday, September 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.33.
Read Our Latest Report on Universal Technical Institute
Universal Technical Institute Profile
Universal Technical Institute, Inc (NYSE: UTI) is a provider of postsecondary technical education in the United States. Founded in 1965, the company prepares students for careers in transportation, skilled trades, energy, and other technical fields through hands-on instruction and industry-focused training.
Its programs cover automotive, diesel, collision repair, motorcycle, marine, welding, CNC machining, robotics and automation, wind energy, and industrial technology. The company operates under several specialized brands, including Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.
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