Corient Private Wealth LP Makes New Investment in Universal Technical Institute Inc $UTI

Corient Private Wealth LP purchased a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,220 shares of the company’s stock, valued at approximately $1,335,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Punch & Associates Investment Management Inc. bought a new position in Universal Technical Institute in the 2nd quarter worth approximately $46,879,000. Park West Asset Management LLC bought a new stake in shares of Universal Technical Institute in the second quarter valued at approximately $3,360,000. Pillsbury Lake Capital LLC acquired a new stake in shares of Universal Technical Institute in the second quarter worth $13,752,950. Bank of America Corp DE acquired a new stake in shares of Universal Technical Institute in the second quarter worth $13,642,000. Finally, Jupiter Topco LLC bought a new position in Universal Technical Institute during the second quarter worth $1,087,000. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UTI has been the subject of a number of research reports. Weiss Ratings raised shares of Universal Technical Institute from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. B. Riley Financial dropped their price objective 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 price objective on shares of Universal Technical Institute in a research report on Thursday, August 6th. Finally, Truist Financial reduced their target price 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. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, CEO Jerome Grant sold 94,500 shares of Universal Technical Institute stock in a transaction on Monday, June 29th. The stock was 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 directly owned 335,715 shares of the company’s stock, valued at approximately $13,898,601. This trade represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the business’s stock in a transaction 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 represents a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,099,045 shares of company stock worth $128,294,100 over the last three months. Company insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Up 2.7%

NYSE UTI opened at $22.19 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $34.52 and its two-hundred day moving average is $36.36. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.37 and a beta of 1.17. Universal Technical Institute Inc has a 1-year low of $20.33 and a 1-year high of $51.34.

Universal Technical Institute (NYSE:UTI) last issued its earnings results 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. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%.The business had revenue of $218.91 million during the quarter, compared to analysts’ expectations of $220.40 million. Equities analysts forecast that Universal Technical Institute Inc will post 0.61 earnings per share for the current fiscal 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.