Park West Asset Management LLC Acquires New Stake in Universal Technical Institute Inc $UTI

Park West Asset Management LLC bought a new stake in Universal Technical Institute Inc (NYSE:UTI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 78,565 shares of the company’s stock, valued at approximately $3,360,000. Park West Asset Management LLC owned 0.14% of Universal Technical Institute as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UTI. Newbridge Financial Services Group Inc. purchased a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $27,000. PNC Financial Services Group Inc. boosted its holdings in shares of Universal Technical Institute by 543.5% in the first quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $32,000 after buying an additional 750 shares during the last quarter. Clearstead Advisors LLC grew its position in Universal Technical Institute by 187.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares during the period. NewEdge Advisors LLC bought a new stake in Universal Technical Institute during the first quarter valued at approximately $57,000. Finally, State of Wyoming purchased a new stake in Universal Technical Institute during the second quarter valued at approximately $109,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Universal Technical Institute in a research note on Thursday, August 6th. B. Riley Financial decreased their target price on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Griffin Securities set a $49.00 target price on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Northland Securities set a $41.00 target price on shares of Universal Technical Institute in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Alan Grant sold 94,500 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the transaction, the chief executive officer owned 335,715 shares in the company, valued at $13,898,601. This trade represents a 21.97% 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, Director Coliseum Capital Management, L sold 3,000,000 shares of Universal Technical Institute stock in a transaction on Monday, June 8th. The stock was sold at an average price of $41.40, for a total transaction of $124,200,000.00. Following the completion of the transaction, the director directly owned 971,440 shares of the company’s stock, valued at $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 three months, insiders have sold 3,102,545 shares of company stock worth $128,449,570. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Performance

Shares of NYSE UTI opened at $22.12 on Thursday. The company has a market cap of $1.22 billion, a P/E ratio of 35.68, a P/E/G ratio of 2.47 and a beta of 1.25. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $51.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s fifty day moving average is $37.15 and its two-hundred day moving average is $36.72.

Universal Technical Institute (NYSE:UTI) last issued 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. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The firm had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. As a group, analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Universal Technical Institute Company Profile

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.