Greenwood Capital Associates LLC Has $1.05 Million Holdings in Universal Technical Institute, Inc. (NYSE:UTI)

Greenwood Capital Associates LLC lessened its stake in Universal Technical Institute, Inc. (NYSE:UTI) by 2.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,322 shares of the company’s stock after selling 1,631 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Universal Technical Institute were worth $1,046,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new position in Universal Technical Institute in the 2nd quarter valued at approximately $43,000. International Assets Investment Management LLC increased its stake in Universal Technical Institute by 1,526.0% in the 3rd quarter. International Assets Investment Management LLC now owns 4,065 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Universal Technical Institute by 95,120.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,522 shares of the company’s stock valued at $150,000 after buying an additional 9,512 shares during the period. EntryPoint Capital LLC increased its stake in Universal Technical Institute by 54.2% in the 1st quarter. EntryPoint Capital LLC now owns 10,365 shares of the company’s stock valued at $165,000 after buying an additional 3,643 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Universal Technical Institute in the 2nd quarter valued at approximately $167,000. Institutional investors and hedge funds own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

NYSE UTI opened at $17.12 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $16.38 and a 200 day simple moving average of $16.19. The company has a market cap of $921.23 million, a P/E ratio of 34.24, a P/E/G ratio of 1.21 and a beta of 1.34. Universal Technical Institute, Inc. has a 1 year low of $9.01 and a 1 year high of $19.79.

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

Analyst Upgrades and Downgrades

UTI has been the topic of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $22.00 price objective on shares of Universal Technical Institute in a research note on Wednesday, September 11th. Truist Financial began coverage on shares of Universal Technical Institute in a research report on Thursday, July 25th. They issued a “buy” rating and a $22.00 target price for the company. Northland Securities boosted their target price on shares of 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 reissued an “outperform” rating and issued a $22.00 target price on shares of Universal Technical Institute in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Universal Technical Institute from a “hold” rating to a “buy” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $21.60.

Insider Buying and Selling

In related news, CEO Jerome Alan Grant sold 68,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $17.53, for a total transaction of $1,192,040.00. Following the completion of the sale, the chief executive officer now directly owns 136,443 shares of the company’s stock, valued at approximately $2,391,845.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 27.60% of the stock is owned by insiders.

Universal Technical Institute Company 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.