North Star Investment Management Corp. Buys Shares of 15,000 Universal Technical Institute Inc $UTI

North Star Investment Management Corp. purchased a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $542,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in Universal Technical Institute by 47.6% during the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Universal Technical Institute in the first quarter valued at $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Universal Technical Institute by 23.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Universal Technical Institute during the 1st quarter worth $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after buying an additional 9,951 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Performance

UTI stock opened at $42.83 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 55.62, a P/E/G ratio of 3.63 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 firm has a 50 day moving average of $39.09 and a two-hundred day moving average of $34.04.

Universal Technical Institute (NYSE:UTI) last released its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%.The company had revenue of $221.40 million during the quarter, compared to the consensus estimate of $221.61 million. As a group, equities analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current fiscal year.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the sale, the director directly owned 127,564 shares of the company’s stock, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction, the director owned 971,440 shares in the company, valued at approximately $40,217,616. The trade was a 75.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,117,545 shares of company stock valued at $128,998,420. 9.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UTI shares. Rosenblatt Securities increased their price objective on shares of Universal Technical Institute from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Barrington Research increased their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Northland Securities set a $41.00 price objective on Universal Technical Institute in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.80.

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.