Universal Technical Institute Inc $UTI Shares Purchased by Next Century Growth Investors LLC

Next Century Growth Investors LLC lifted its stake in Universal Technical Institute Inc (NYSE:UTI) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,123,067 shares of the company’s stock after purchasing an additional 15,258 shares during the period. Universal Technical Institute makes up 2.0% of Next Century Growth Investors LLC’s investment portfolio, making the stock its 8th largest holding. Next Century Growth Investors LLC’s holdings in Universal Technical Institute were worth $29,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UTI. Newbridge Financial Services Group Inc. acquired a new stake in shares of Universal Technical Institute in the second quarter valued at about $27,000. Clearstead Advisors LLC lifted its stake in shares of Universal Technical Institute by 187.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after purchasing an additional 943 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Universal Technical Institute in the first quarter valued at about $57,000. SBI Securities Co. Ltd. lifted its stake in shares of Universal Technical Institute by 4,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock valued at $142,000 after purchasing an additional 5,310 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of Universal Technical Institute in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UTI. Griffin Securities set a $49.00 price objective on shares of Universal Technical Institute in a research note on Thursday, April 30th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Rosenblatt Securities raised 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. Wall Street Zen upgraded shares of Universal Technical Institute from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings cut shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of Universal Technical Institute stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $36.59, for a total transaction of $548,850.00. Following the completion of the transaction, the director owned 127,564 shares in the company, valued at approximately $4,667,566.76. The trade was a 10.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $44.42, for a total transaction of $155,470.00. Following the transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,023,500 shares of company stock worth $125,087,270. 9.80% of the stock is currently owned by insiders.

Universal Technical Institute Stock Performance

Shares of UTI opened at $38.95 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a market cap of $2.14 billion, a P/E ratio of 50.58, a PEG ratio of 3.43 and a beta of 1.25. The company has a 50-day moving average of $38.19 and a two-hundred day moving average of $32.63. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $45.74.

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