Manatuck Hill Partners LLC Invests $2.81 Million in Universal Technical Institute Inc $UTI

Manatuck Hill Partners LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,800 shares of the company’s stock, valued at approximately $2,814,000. Manatuck Hill Partners LLC owned approximately 0.12% of Universal Technical Institute as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc purchased a new stake in Universal Technical Institute in the 2nd quarter valued at $5,300,000. The Manufacturers Life Insurance Company purchased a new position in Universal Technical Institute during the 2nd quarter worth $1,144,000. Whalen Wealth Management Inc. purchased a new position in Universal Technical Institute during the 2nd quarter worth $441,000. Polymer Capital Management HK LTD bought a new stake in shares of Universal Technical Institute in the 2nd quarter worth $2,566,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Universal Technical Institute in the 2nd quarter worth $383,000. Institutional investors own 75.67% of the company’s stock.

Insider Activity at Universal Technical Institute

In other news, Director Coliseum Capital Management, L sold 3,000,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director owned 971,440 shares in the company, valued at $40,217,616. This trade represents a 75.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction that occurred 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 directly owned 27,025 shares in the company, valued at $1,081,000. This trade represents a 14.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,102,545 shares of company stock valued at $128,449,570 over the last quarter. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $22.53 on Wednesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. The company’s 50-day moving average is $37.49 and its 200 day moving average is $36.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current 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.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business 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, equities research analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UTI has been the topic of several analyst reports. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Truist Financial decreased their price objective on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. 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 research report on Thursday, August 6th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 6th. Finally, Northland Securities set a $41.00 target price on Universal Technical Institute in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.