23,020 Shares in Universal Technical Institute Inc $UTI Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Universal Technical Institute Inc (NYSE:UTI) during the 1st quarter, Holdings Channel.com reports. The fund acquired 23,020 shares of the company’s stock, valued at approximately $592,000.

Several other hedge funds have also bought and sold shares of UTI. CWM LLC boosted its stake in Universal Technical Institute by 105.0% during the first quarter. CWM LLC now owns 2,167 shares of the company’s stock worth $56,000 after acquiring an additional 1,110 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Universal Technical Institute during the first quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Universal Technical Institute during the first quarter worth about $61,000. Caitong International Asset Management Co. Ltd bought a new stake in Universal Technical Institute during the first quarter worth about $68,000. Finally, USA Financial Formulas bought a new stake in Universal Technical Institute during the first quarter worth about $84,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 1.4%

UTI opened at $27.88 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average price of $29.36 and a 200-day moving average price of $29.82. Universal Technical Institute Inc has a twelve month low of $15.14 and a twelve month high of $36.32. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.73 and a beta of 1.65.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Universal Technical Institute had a net margin of 7.79% and a return on equity of 22.12%. The firm had revenue of $204.30 million during the quarter, compared to analysts’ expectations of $200.01 million. Equities research analysts forecast that Universal Technical Institute Inc will post 1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Universal Technical Institute from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Thursday, August 7th. Truist Financial upped their target price on shares of Universal Technical Institute from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Universal Technical Institute in a research note on Tuesday, July 29th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $38.00 target price (up previously from $35.00) on shares of Universal Technical Institute in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, Universal Technical Institute presently has an average rating of “Buy” and an average target price of $35.83.

About Universal Technical Institute

Universal Technical Institute, Inc provides transportation, skilled trades, and healthcare education programs in the United States. The company operates in two segments, UTI and Concorde. It offers certificate, diploma, or degree programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute, NASCAR Technical Institute, and MIAT College of Technology.