Washington University Lowers Stock Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Washington University cut its position in Universal Technical Institute, Inc. (NYSE:UTI) by 88.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,276 shares of the company’s stock after selling 911,803 shares during the quarter. Universal Technical Institute comprises about 1.2% of Washington University’s portfolio, making the stock its 3rd biggest holding. Washington University owned approximately 0.22% of Universal Technical Institute worth $1,891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in shares of Universal Technical Institute by 341.1% during the 1st quarter. Russell Investments Group Ltd. now owns 334,332 shares of the company’s stock worth $5,329,000 after purchasing an additional 258,532 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Universal Technical Institute during the second quarter worth approximately $675,000. First Eagle Investment Management LLC increased its stake in Universal Technical Institute by 37.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 518,888 shares of the company’s stock worth $8,162,000 after acquiring an additional 140,600 shares during the period. Great Lakes Advisors LLC acquired a new position in Universal Technical Institute in the 2nd quarter valued at $3,103,000. Finally, Pier Capital LLC lifted its position in shares of Universal Technical Institute by 15.7% during the 2nd quarter. Pier Capital LLC now owns 351,809 shares of the company’s stock valued at $5,534,000 after acquiring an additional 47,819 shares during the period. 75.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UTI shares. Northland Securities raised their price target on Universal Technical Institute from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price target on shares of Universal Technical Institute in a research report on Wednesday, September 11th. StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. Finally, Truist Financial assumed coverage on Universal Technical Institute in a research note on Thursday, July 25th. They set a “buy” rating and a $22.00 target price for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.60.

Insider Activity

In other news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $17.53, for a total value of $1,192,040.00. Following the completion of the transaction, the chief executive officer now owns 136,443 shares of the company’s stock, valued at $2,391,845.79. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 27.60% of the company’s stock.

Universal Technical Institute Price Performance

Shares of NYSE:UTI opened at $16.55 on Friday. The firm has a 50 day simple moving average of $16.39 and a 200 day simple moving average of $16.15. The company has a market cap of $890.56 million, a price-to-earnings ratio of 33.10, a PEG ratio of 1.21 and a beta of 1.34. Universal Technical Institute, Inc. has a one year low of $8.91 and a one year high of $19.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.02 and a quick ratio of 1.02.

Universal Technical Institute (NYSE:UTI) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $177.46 million for the quarter, compared to the consensus estimate of $172.33 million. Universal Technical Institute had a return on equity of 12.66% and a net margin of 3.82%. During the same quarter last year, the business posted ($0.05) EPS. Research analysts predict that Universal Technical Institute, Inc. will post 0.71 earnings per share for the current fiscal year.

Universal Technical Institute Profile

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.