Polymer Capital Management HK LTD Makes New Investment in Universal Technical Institute Inc $UTI

Polymer Capital Management HK LTD bought a new stake in shares of Universal Technical Institute Inc (NYSE:UTI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $2,566,000. Polymer Capital Management HK LTD owned about 0.11% of Universal Technical Institute at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in Universal Technical Institute in the second quarter worth $27,000. PNC Financial Services Group Inc. increased its holdings in Universal Technical Institute by 543.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $32,000 after buying an additional 750 shares during the period. Clearstead Advisors LLC raised its stake in shares of Universal Technical Institute by 187.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,446 shares of the company’s stock valued at $38,000 after buying an additional 943 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Universal Technical Institute during the 1st quarter worth about $57,000. Finally, State of Wyoming acquired a new stake in shares of Universal Technical Institute during the 2nd quarter valued at about $109,000. Institutional investors own 75.67% of the company’s stock.

Universal Technical Institute Stock Up 0.0%

Shares of NYSE:UTI opened at $22.36 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Universal Technical Institute Inc has a 52-week low of $21.29 and a 52-week high of $51.34. The firm has a market capitalization of $1.23 billion, a P/E ratio of 36.06, a P/E/G ratio of 2.45 and a beta of 1.25. The stock has a 50 day moving average price of $38.10 and a 200-day moving average price of $36.82.

Universal Technical Institute (NYSE:UTI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $218.91 million during the quarter, compared to analyst estimates of $220.40 million. Universal Technical Institute had a return on equity of 10.18% and a net margin of 3.88%. As a group, equities research analysts anticipate that Universal Technical Institute Inc will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

UTI has been the subject of several recent analyst reports. B. Riley Financial dropped their price objective on Universal Technical Institute from $49.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barrington Research increased their target price 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 reduced their price target on shares of Universal Technical Institute from $47.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Northland Securities set a $41.00 price objective on shares of Universal Technical Institute in a report on Thursday, May 7th. Finally, Griffin Securities set a $49.00 price target on Universal Technical Institute in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Insider Activity

In other news, CEO Jerome Alan Grant sold 94,500 shares of Universal Technical Institute stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.40, for a total transaction of $3,912,300.00. Following the completion of the sale, the chief executive officer directly owned 335,715 shares in the company, valued at approximately $13,898,601. The trade was a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Christine Kline sold 3,500 shares of Universal Technical Institute 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 transaction, the chief accounting officer owned 43,006 shares of the company’s stock, valued at approximately $1,910,326.52. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,102,545 shares of company stock worth $128,449,570. 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.