163,870 Shares in Universal Technical Institute Inc $UTI Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position 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. The firm acquired 163,870 shares of the company’s stock, valued at approximately $7,009,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Universal Technical Institute by 47.6% in the first quarter. Royal Bank of Canada now owns 44,564 shares of the company’s stock worth $1,144,000 after purchasing an additional 14,364 shares in the last quarter. AQR Capital Management LLC purchased a new position in Universal Technical Institute during the first quarter valued at approximately $1,226,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Universal Technical Institute by 23.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,688 shares of the company’s stock valued at $711,000 after buying an additional 5,216 shares during the period. NewEdge Advisors LLC acquired a new position in Universal Technical Institute in the 1st quarter valued at approximately $57,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Universal Technical Institute by 13.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,223 shares of the company’s stock worth $2,163,000 after buying an additional 9,951 shares in the last quarter. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UTI shares. Rosenblatt Securities reissued a “buy” rating and set a $45.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 6th. Barrington Research increased their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. B. Riley Financial reduced their price objective on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings downgraded Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Truist Financial dropped their target price on Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Universal Technical Institute currently has an average rating of “Moderate Buy” and an average target price of $43.83.

Universal Technical Institute Stock Performance

UTI stock opened at $24.31 on Thursday. The firm has a 50 day moving average of $38.78 and a two-hundred day moving average of $36.90. Universal Technical Institute Inc has a 12 month low of $21.29 and a 12 month high of $51.34. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.21, a P/E/G ratio of 2.75 and a beta of 1.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings results 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 net margin of 3.88% and a return on equity of 10.18%. The business had revenue of $218.91 million for the quarter, compared to the consensus estimate of $220.40 million. As a group, equities analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kevin Prehn sold 4,545 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $40.00, for a total transaction of $181,800.00. Following the completion of the sale, the insider owned 27,025 shares in the company, valued at approximately $1,081,000. This represents a 14.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Coliseum Capital Management, L sold 3,000,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 971,440 shares in the company, valued at approximately $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 3,102,545 shares of company stock valued at $128,449,570 in the last three months. 9.80% of the stock is currently owned by corporate insiders.

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.