Manatuck Hill Partners LLC Boosts Stake in Universal Technical Institute Inc $UTI

Manatuck Hill Partners LLC lifted its stake in Universal Technical Institute Inc (NYSE:UTI) by 342.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,800 shares of the company’s stock after buying an additional 205,000 shares during the period. Universal Technical Institute makes up 2.4% of Manatuck Hill Partners LLC’s portfolio, making the stock its 13th biggest position. Manatuck Hill Partners LLC’s holdings in Universal Technical Institute were worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Universal Technical Institute by 68.5% in the third quarter. Envestnet Asset Management Inc. now owns 152,499 shares of the company’s stock worth $4,964,000 after buying an additional 61,971 shares during the period. Chatham Capital Group Inc. boosted its position in shares of Universal Technical Institute by 73.3% in the fourth quarter. Chatham Capital Group Inc. now owns 68,512 shares of the company’s stock worth $1,790,000 after buying an additional 28,972 shares during the period. UBS Group AG boosted its position in shares of Universal Technical Institute by 89.0% in the fourth quarter. UBS Group AG now owns 231,717 shares of the company’s stock worth $6,055,000 after buying an additional 109,100 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock worth $52,217,000 after buying an additional 1,140,465 shares during the period. Finally, Granahan Investment Management LLC boosted its position in shares of Universal Technical Institute by 107.7% in the third quarter. Granahan Investment Management LLC now owns 124,246 shares of the company’s stock worth $4,044,000 after buying an additional 64,421 shares during the period. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Insider Buying and Selling at Universal Technical Institute

In other Universal Technical Institute news, Director Linda J. Srere sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $36.59, for a total transaction of $548,850.00. Following the sale, the director owned 127,564 shares in the company, valued at $4,667,566.76. This represents a 10.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the company’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 sale, the director owned 971,440 shares in the company, valued at $40,217,616. The trade was a 75.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,018,500 shares of company stock worth $124,904,320 over the last quarter. 9.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UTI shares. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research report on Thursday, April 30th. Rosenblatt Securities upped their target price on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Northland Securities set a $41.00 target price on Universal Technical Institute in a research report on Thursday, May 7th. Barrington Research upped their target price on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.25.

Universal Technical Institute Trading Up 0.9%

NYSE:UTI opened at $38.81 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17. Universal Technical Institute Inc has a one year low of $21.29 and a one year high of $45.74. The business’s 50-day simple moving average is $38.27 and its 200 day simple moving average is $33.02. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 50.40, a price-to-earnings-growth ratio of 3.37 and a beta of 1.25.

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

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.