Atom Investors LP Acquires Shares of 207,027 Universal Technical Institute Inc $UTI

Atom Investors LP acquired a new stake in Universal Technical Institute Inc (NYSE:UTI) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 207,027 shares of the company’s stock, valued at approximately $5,410,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. increased its stake in Universal Technical Institute by 0.7% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,169,843 shares of the company’s stock valued at $30,568,000 after buying an additional 7,566 shares during the last quarter. Granahan Investment Management LLC increased its stake in Universal Technical Institute by 253.5% in the 4th quarter. Granahan Investment Management LLC now owns 439,252 shares of the company’s stock valued at $11,478,000 after buying an additional 315,006 shares during the last quarter. ExodusPoint Capital Management LP increased its stake in Universal Technical Institute by 180.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 95,178 shares of the company’s stock valued at $2,487,000 after buying an additional 61,227 shares during the last quarter. Royal Bank of Canada increased its stake in Universal Technical Institute by 224.5% in the 4th quarter. Royal Bank of Canada now owns 571,496 shares of the company’s stock valued at $14,934,000 after buying an additional 395,356 shares during the last quarter. Finally, Militia Capital Partners LP increased its stake in Universal Technical Institute by 43.5% in the 4th quarter. Militia Capital Partners LP now owns 64,940 shares of the company’s stock valued at $1,697,000 after buying an additional 19,700 shares during the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Analysts Set New Price Targets

UTI has been the subject of several research analyst reports. Barrington Research raised their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Griffin Securities set a $49.00 price target on shares of Universal Technical Institute in a research note on Thursday, April 30th. B. Riley Financial restated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average target price of $44.25.

Insider Buying and Selling

In related 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 value 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 approximately $40,217,616. This trade represents a 75.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $155,470.00. Following the completion of the transaction, the chief accounting officer directly owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,018,500 shares of company stock valued at $124,904,320. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Trading Up 4.6%

Shares of UTI stock opened at $38.40 on Wednesday. The company has a 50 day moving average of $38.23 and a 200-day moving average of $32.91. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. Universal Technical Institute Inc has a 12-month low of $21.29 and a 12-month high of $45.74. The firm has a market cap of $2.11 billion, a P/E ratio of 49.87, a PEG ratio of 3.22 and a beta of 1.25.

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

Universal Technical Institute 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.