Granahan Investment Management LLC Increases Position in Universal Technical Institute Inc $UTI

Granahan Investment Management LLC lifted its holdings in Universal Technical Institute Inc (NYSE:UTI) by 253.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,252 shares of the company’s stock after purchasing an additional 315,006 shares during the period. Granahan Investment Management LLC’s holdings in Universal Technical Institute were worth $11,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Universal Technical Institute in the 2nd quarter valued at about $27,000. Clearstead Advisors LLC increased its stake in Universal Technical Institute by 187.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock worth $38,000 after buying an additional 943 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Universal Technical Institute during the 1st quarter worth approximately $57,000. SBI Securities Co. Ltd. increased its stake in Universal Technical Institute by 4,500.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,428 shares of the company’s stock worth $142,000 after buying an additional 5,310 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in Universal Technical Institute during the 4th quarter worth approximately $216,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Price Performance

UTI stock opened at $38.40 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $38.23 and a 200-day simple moving average of $32.91. The firm has a market capitalization of $2.11 billion, a PE ratio of 49.87, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25. Universal Technical Institute Inc has a 1 year low of $21.29 and a 1 year high of $45.74.

Universal Technical Institute (NYSE:UTI) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $221.40 million during the quarter, compared to analyst estimates of $221.61 million. Universal Technical Institute had a return on equity of 13.02% and a net margin of 4.91%. Equities research analysts anticipate that Universal Technical Institute Inc will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UTI shares. Rosenblatt Securities boosted their price objective on Universal Technical Institute from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Northland Securities set a $41.00 price objective on Universal Technical Institute in a research note on Thursday, May 7th. Barrington Research boosted their price objective on Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. B. Riley Financial reiterated a “buy” rating on shares of Universal Technical Institute in a research note on Thursday, April 30th. Finally, Griffin Securities set a $49.00 price objective on 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.25.

Insider Activity

In other 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 value of $548,850.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christine Kline sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the completion of the sale, the chief accounting officer owned 43,006 shares of the company’s stock, valued at $1,910,326.52. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,018,500 shares of company stock worth $124,904,320 over the last ninety days. Corporate insiders own 9.80% of the company’s stock.

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.