Y Intercept Hong Kong Ltd Invests $944,000 in Universal Technical Institute Inc $UTI

Y Intercept Hong Kong Ltd bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) during the 1st quarter, HoldingsChannel reports. The firm bought 26,139 shares of the company’s stock, valued at approximately $944,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UTI. Coliseum Capital Management LLC boosted its holdings in Universal Technical Institute by 46.2% in the 4th quarter. Coliseum Capital Management LLC now owns 3,971,440 shares of the company’s stock worth $103,774,000 after acquiring an additional 1,255,173 shares during the period. Wasatch Advisors LP lifted its position in shares of Universal Technical Institute by 22.5% during the third quarter. Wasatch Advisors LP now owns 2,361,019 shares of the company’s stock worth $76,851,000 after purchasing an additional 433,824 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Universal Technical Institute by 132.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,998,354 shares of the company’s stock valued at $52,217,000 after purchasing an additional 1,140,465 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Universal Technical Institute by 65.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,599,534 shares of the company’s stock worth $41,797,000 after buying an additional 631,070 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its position in Universal Technical Institute by 1,366.0% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,292,125 shares of the company’s stock valued at $46,646,000 after buying an additional 1,203,985 shares during the last quarter. 75.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Universal Technical Institute

In other Universal Technical Institute news, CAO Christine Kline sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $44.42, for a total value of $155,470.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kevin Prehn sold 4,545 shares of Universal Technical Institute stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $40.00, for a total value of $181,800.00. Following the completion of the transaction, the insider owned 27,025 shares of the company’s stock, valued at approximately $1,081,000. The trade was a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,117,545 shares of company stock valued at $128,998,420 over the last ninety days. Insiders own 9.80% of the company’s stock.

Universal Technical Institute Stock Up 0.0%

Shares of NYSE:UTI opened at $48.47 on Monday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 4.25 and a beta of 1.23. Universal Technical Institute Inc has a 1-year low of $21.29 and a 1-year high of $51.34. The company’s fifty day moving average is $41.05 and its two-hundred day moving average is $35.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.17.

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. Universal Technical Institute had a net margin of 4.91% and a return on equity of 13.02%. The company had revenue of $221.40 million for the quarter, compared to the consensus estimate of $221.61 million. Equities analysts anticipate that Universal Technical Institute Inc will post 0.76 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings cut Universal Technical Institute from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Griffin Securities set a $49.00 target price on Universal Technical Institute in a research note on Thursday, April 30th. Barrington Research raised their price target on shares of Universal Technical Institute from $36.00 to $42.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Truist Financial lifted their price target on shares of Universal Technical Institute from $40.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Universal Technical Institute in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.80.

Universal Technical Institute 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.