Universal Technical Institute Inc $UTI Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its position in Universal Technical Institute Inc (NYSE:UTI) by 34.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,296,581 shares of the company’s stock after selling 682,195 shares during the period. Wasatch Advisors LP’s holdings in Universal Technical Institute were worth $55,455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its position in Universal Technical Institute by 47.6% in the 1st quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock valued at $1,144,000 after buying an additional 14,364 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Universal Technical Institute during the first quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Universal Technical Institute by 23.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock worth $711,000 after purchasing an additional 5,216 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Universal Technical Institute in the first quarter worth approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Universal Technical Institute by 13.4% in the first 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 purchasing an additional 9,951 shares during the period. Institutional investors own 75.67% of the company’s stock.

Insider Activity

In other Universal Technical Institute news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $44.42, for a total value of $155,470.00. Following the sale, the chief accounting officer owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin Prehn sold 4,545 shares of the firm’s stock in a transaction on 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 sale, the insider owned 27,025 shares in the company, valued at approximately $1,081,000. The trade was a 14.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,102,545 shares of company stock valued at $128,449,570 in the last quarter. 9.80% of the stock is currently owned by corporate insiders.

Universal Technical Institute Trading Down 4.3%

NYSE:UTI opened at $25.56 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30. Universal Technical Institute Inc has a fifty-two week low of $21.29 and a fifty-two week high of $51.34. The stock’s 50-day moving average is $40.84 and its two-hundred day moving average is $37.02. The stock has a market cap of $1.41 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 2.93 and a beta of 1.25.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Universal Technical Institute had a net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. As a group, equities research analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barrington Research lifted their price target on Universal Technical Institute from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Universal Technical Institute in a research report on Thursday, August 6th. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a research report on Thursday, May 7th. Finally, B. Riley Financial dropped their target price on shares of Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.